Given the Following Information, Calculate the Payables Turnover and Days

question 41

Essay

Given the following information, calculate the payables turnover and days' payable. Round answers to two decimal places.
a. Payables turnover
b. Days' payable
$$\begin{array} { l r } \text { Net sales } & \$ 10,000,000 \\\text { Cost of goods sold } & 8,321,000 \\\text { Operating expenses } & 3,000,000 \\\text { Inventory increase } & 125,000 \\\text { Accounts payable, beginning } & 1,617,000 \\\text { Accounts payable, ending } & 1,415,000\end{array}$$

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Definitions:

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The use of physical force with the intention of causing a child to experience pain, but not injury, for purposes of correction or control.

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The use of power and authority in educational settings in a way that negatively affects students' well-being and learning.

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The highest level of education an individual has completed, often measured in formal education degrees or certificates.