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You have the following information for Calgary Shoes, Inc.: Cash Cycle: 38.5 days Operating Cycle: 55.5 days Inventory Period: 22.2 days Credit Sales: $615,342 COGS:

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You have the following information for Calgary Shoes, Inc.: Cash Cycle: 38.5 days Operating Cycle: 55.5 days Inventory Period: 22.2 days Credit Sales: $615,342 COGS: $356,000 What is the payables turnover for the firm? 11.47 times 25.56 times 21.47 times 16.85 times

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