Exhibit 19-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 29

Multiple Choice

Exhibit 19-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
You are provided with the following information for a company. $\begin{array}{llcc} \text { Net Annual Sales } &60000\\ \text { Average Receivables } &1200\\ \text { COGS } &35000\\ \text { Average Inventory } &3000\\ \text { Average Trade Payables } &1500\\\end{array}$

-Refer to Exhibit 19-3. 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:

Independent Variables

Variables in a study or experiment that are manipulated or categorized to determine their effect on dependent variables.

Variance

A measure of variability based on the squared deviations of the data values about the mean.

Error Term

The difference between observed values and the expected values in a statistical model, representing unpredicted or unexplained variation.

Dependent Variable

The variable that is being predicted or explained. It is denoted by y.