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Kellogg had the following information in its most recent balance sheets and income statements. Balance Sheet January 2, 2016 January 3, 2015 Cash and cash
Kellogg had the following information in its most recent balance sheets and income statements. Balance Sheet January 2, 2016 January 3, 2015 Cash and cash equivalents $251 $443 Accounts receivable, net of allowance for uncollectible accounts $1344 $1276 Inventories $1250 $1279 Total assets $15265 $15153 Accounts payable $1907 $1528 Income Statement 2016 2015 Sales $13525 $14580 Cost of sales $8844 $9517 Calculate the accounts payable turnover for Kellogg for 2016. Round your answer to three decimals places.
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