The Accounts Payable Turnover Ratio Measures

question 27

Multiple Choice

The accounts payable turnover ratio measures

• A)number of times the company settles its trade payable.
• B)average accounts payable balance.
• C)the average number of times the industry settles their trade payable.
• D)the average balance of accounts payable to current assets.

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Definitions:

Numeric Data

Information that is represented in numbers, often used for statistical analysis or calculations.

Mean Average

A statistical measure calculated by dividing the sum of values in a data set by the number of values.

Numerical Data

Information that is represented in numbers, allowing for quantitative analysis.

Median

Center value in a sequence, possessing an identical count of elements both above and beneath it.