Given the following information,calculate the payables turnover and days' payable.Round to two decimal places.
a.Payables turnover
b.Days' payable
Definitions:
Interest Rate
The interest rate is the percentage of the principal charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage.
Years From Now
A temporal reference indicating a certain amount of time in the future from the current point.
Real Wages
Nominal wages corrected for inflation.
Money Wages
The current dollar amount of a person’s wages.
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