The following data is available for Toys 4 U for the years 2009 through 2012:
1. Calculate the trade payables turnover ratio for the following years:
2. Calculate the number of days it is taking Toys 4 U to pay their vendors:
3. Explain whether Toys 4 U is doing a better job at paying their vendors in a timely manner.
Definitions:
Antitrust Policy
The use of the antitrust laws to promote competition and economic efficiency.
Utilities
This term refers to various essential services provided to households and businesses, such as electricity, water, gas, and sewer services.
Conglomerate Merger
The merger of two firms operating in separate industries or separate geographic areas so that neither firm is a supplier, customer, or competitor of the other; any merger that is neither a horizontal merger nor a vertical merger.
Production Process
The series of steps and activities involved in converting raw materials or components into finished goods or services.
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