Requirement 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of was million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for and . Calculate current ratios for and as well. Evaluate whether the company improved or deteriorated from the standpoint of its ability to cover accounts payable and current liabilities over the year. Determine the formula for