Accounts payable turnover for price enterprises, Accounting Basics

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Accounts payable turnover for price enterprises

Question: Accounts payable turnover for Price Enterprises increased from 9 to 11 during 2020. Which of the following statements best describes what this means? The company paid its accounts payable more slowly in 2020 O Inventory turned over faster in 2020, meaning sales increased. The company paid its accounts payable more quickly in 2020. Not enough information is provided to form a conclusion.

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Accounting Basics: Accounts payable turnover for price enterprises

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