Exhibit 10 -Refer to Exhibit 10

question 18

Multiple Choice

Exhibit 10.3
Use the Information Below for the Following Problem(S)
You are provided with the following information for a company.
$\begin{array}{c}\begin{array}{lll}\text{Net Annual Sales}\\\text{Average Receivables}\\ COGS\\\text{Average Inventory}\\\text{Average Trade Payables}\\\end{array}\begin{array}{lll}&&&\end{array}\begin{array}{lll}60000 \\1200 \\35000 \\3000 \\1500\\\end{array}\end{array}$
-Refer to Exhibit 10.3.Calculate the payables turnover ratio.

• A) 30.3
• B) 23.3
• C) 55.4
• D) 11.6
• E) 56.6

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Definitions:

Conclusion

The statement that logically follows from the premises in a deductive argument.

Argument

A series of statements or reasons made to persuade others that an action or belief is right or wrong, usually concluding with a main assertion.

Independent Premises

Statements in an argument that do not rely on one another to support the conclusion.

Conclusion

The end or finish of an event, process, or text, often summarizing the arguments or results in a logical or analytical discourse.