A Business with a Payables Turnover Ratio of 10

question 21

Multiple Choice

A business with a payables turnover ratio of 10.4 times a year would have an average payable period of about ________ days.

• A)3
• B)30
• C)35
• D)62

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Definitions:

Venture Capitalists

Individuals or firms that invest in new or growing businesses in exchange for equity stakes.

Overall Schedule

A comprehensive plan or timetable that outlines the timing and sequence of all tasks, events, or activities involved in a project or venture.

Business Plan

A detailed document outlining the strategy, objectives, market analysis, financial projections, and operational framework for a new or existing business.

Blueprint

A blueprint is a detailed design or plan, often technical in nature, used as a guide for creating something complex, such as a building, system, or product.