In 2003, P Co reported a trade payables tumover ratio of 2.49 and C Co...
80.2K
Verified Solution
Link Copied!
Question
Accounting
In 2003, P Co reported a trade payables tumover ratio of 2.49 and C Co reported a turnover ratio of 174 for that same year. Which of the following statements is true? Multiple Choice C Co pays the vendors in a timeller manner than P. Co pays their vendors. On a competive basis to cost sales, P Co carries more in average payables than does C C It is unclear P Co peys their vendors in a timeller manner than C Co Co took approximately 147 days while C Co took about 210 days to pay vendors
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.