Typically,the hard part about computing the accounts payable turnover is getting the:
A)purchases from suppliers.
B)beginning inventory.
C)ending inventory.
D)average inventory.

Question

Quizplus · Accepted Answer

The accounts payable turnover formula is calculated by dividing the total purchases by the average accounts payable. Therefore, the key information needed is the total purchases from suppliers to calculate the turnover ratio. The other options (beginning inventory, ending inventory, and average inventory) are not relevant to calculating the accounts payable turnover.

Typically,the Hard Part About Computing the Accounts Payable Turnover Is