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UPS has a Payables Turnover of 3.84 Payables turnover = Cost of revenue Accounts payable 19,930 5,188 = 3.84 What does this mean/indicate?

UPS has a Payables Turnover of 3.84 Payables turnover = Cost of revenue ÷ Accounts payable 19,930 ÷ 5,188 = 3.84 What does this mean/indicate?

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