What is the AP Turnover ratio?

Accounts Payable Marketing Legal & Professional Salaries & Wages Website Total Total Supply Purchase Year 1 109868.88 18000 0 1188 129056.88 43973.35 Year 5 63192 45192 18000 18000 0 180000 118 1188 81310 244380 $109,452.80 $61,562.69 The AP Turnover Ratio Formula TSP AP Turnover (BAP + EAP)/2 where: AP = Accounts payable TSP = Total supply purchases BAP = Beginning accounts payable EAP = Ending accounts payable