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:

Divorce Rate

A statistical measure representing the frequency of divorces in a population over a certain period of time, often calculated per 1,000 individuals in the population.

Cohabit

To live together in a shared dwelling, typically referring to a couple who are not legally married.

Traditional Views

Perspectives or beliefs that emphasize values, practices, and norms established and maintained over long historical periods, often resistant to change.

Polygamy

Marriage in which a person has more than one spouse and is permitted sexual access to each of them.