Question
Target Corporation had credit purchases of $600,000 and the average accounts payable balance was $80,000. Calculate the accounts payable turnover ratio and the average payment
Target Corporation had credit purchases of $600,000 and the average accounts payable balance was $80,000. Calculate the accounts payable turnover ratio and the average payment period.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
