Moneypenny Inc. has a beginning account payable balance of 2.1m and an ending balance of 1.9m. During this one-year period, supplier purchases totalled 12.5m, all on credit and assigned 45-day payment terms. What are the accounts payable turnover ratio and the payables payment period, respectively? Solution A.6.25 turns, 45 days. B.6.25 turns, 58 days. C.6.58 turns, 55 days. D.8.11 turns, 45 days. E.More information is required