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Mayhew Pet Foods has a beginning accounts payable balance of $ 4 3 , 1 0 0 and an ending accounts payable balance of $

Mayhew Pet Foods has a beginning accounts payable balance of $43,100 and an ending accounts payable balance of $39,700. Sales for the period were $565,300 and costs of goods sold were $216,900. What was the payables turnover rate? 7.55 times 7.02 times 5.24 times 12.18 times 8.98 times

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