The following data is available for Toys 4 U for the years 2009 through 2012:
1. Calculate the trade payables turnover ratio for the following years:
2. Calculate the number of days it is taking Toys 4 U to pay their vendors:
3. Explain whether Toys 4 U is doing a better job at paying their vendors in a timely manner.

Question

The following data is available for Toys 4 U for the years 2009 through 2012:
  1. Calculate the trade payables turnover ratio for the following years:
  2. Calculate the number of days it is taking Toys 4 U to pay their vendors:
  3. Explain whether Toys 4 U is doing a better job at paying their vendors in a timely manner.

Quizplus · Accepted Answer

The Answer of The following data is available for Toys 4 U for the years 2009 through 2012:
  1. Calculate the trade payables turnover ratio for the following years:
  2. Calculate the number of days it is taking Toys 4 U to pay their vendors:
  3. Explain whether Toys 4 U is doing a better job at paying their vendors in a timely manner.

The Following Data Is Available for Toys 4 U for the Years