What Is Accounts Payable Turnover

question 97

Multiple Choice

What is accounts payable turnover?

• A)A ratio calculated as Purchases divided by ending balance in Accounts Payable.
• B)A ratio calculated as Cost of Goods Sold divided by average Accounts Payable.
• C)A ratio calculated as Purchases divided by average Accounts Payable.
• D)B and C.

---

Definitions:

Durability

A measure of how long a product can last or remain useful under regular use without significant deterioration.

Consideration Set

A group of brands or products a consumer evaluates as options for a specific purchase decision.

Smartphone Ratings

Evaluations or reviews that assess the quality, performance, and features of smartphones.

Brands

Represents a product, service, or concept that is publicly distinguished from other products, services, or concepts so that it can be easily communicated and usually marketed.