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:

Need for Cognition

An individual's tendency to engage in and enjoy activities that require thinking, reasoning, and problem-solving.

Problem Solving

The cognitive process(es) used in transforming starting information into a goal state using specified means of solution.

Verbal Comprehension

The ability to understand words, sentences, and texts; often assessed in psychological testing as an aspect of cognitive ability.

Expressional Fluency

A measure of an individual's ability to swiftly find words and articulate ideas effectively.