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Trade Payables Turnover Ratio

A/an for the ...

Question

A/an for the trade payables turnover ratio means that credit payments are made promptly.

A

average value

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B

low value

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C

high value

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D

zero value

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Solution

The correct option is C high value
A high value for the trade payables turnover ratio means that credit payments are made promptly. The higher the ratio, the better it is.

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