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Given the following information,calculate the payables turnover and days' payable.Round to two decimal places.
a.Payables turnover
b.Days' payable
Domestic Firms
Refers to companies that operate within the country where they are based and conduct their business activities in the local market.
Subsidies
Financial contributions by a government or public body to support businesses, consumers, or economic sectors, reducing the price of goods and services or the cost of production.
Economic Integration
Occurs when two or more nations join to form a free-trade zone.
Free-Trade Zone
A specific area within a country where goods may be imported, handled, manufactured, or reconfigured without direct intervention by the customs authorities, often to encourage trade and investment.
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