The following data is available for Tommy's Toys for the years 2012 through 2015:
A. Calculate the accounts payable turnover ratio for the following years:
1. 2015
2. 2014
3. 2013
B. Calculate the number of days it is taking Tommy's Toys to pay its vendors (assume a 365-day year):
1. 2015
2. 2014
3. 2013
C. Explain whether Tommy's Toys is doing a better job over the years of paying its vendors in a timely manner.
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