Conrad Corporation has the following information.Calculate the payables turnover and days' payable.Round answers to two decimal places.
a.Payables turnover
b.Days' payable
Definitions:
Incidental Damages
Compensation for secondary or unforeseen losses resulting from a breach of contract.
Contract Remedies
Legal actions or measures that a court can order to enforce a contract, compensate for breach, or protect a party's rights under a contract.
Monetary Damages
Financial compensation awarded to a party in a lawsuit for losses or injuries suffered as a result of the defendant's actions.
Foreseeability
The concept that certain events may reasonably be predicted and thus potentially obligate parties to take preventative measures.
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