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Nelson Company reported cost of goods sold of $690,000 last year and $720,000 this year. Nelson also reported accounts payable of $250,000 last year and
Nelson Company reported cost of goods sold of $690,000 last year and $720,000 this year. Nelson also reported accounts payable of $250,000 last year and $230,000 this year. Compute this year's accounts payable turnover ratio for Nelson. (Round your answer to 1 decimal place.)
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