Comparing Accounts Payable Turnover: Company A vs Company B
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Questions and Answers

Company A has a higher Accounts Payable Turnover than Company B.

Which of the following statements is true regarding these two companies?

  • Company A has a longer Average Collection Period than Company B.
  • Company A has a lower percentage of credit purchases than Company B.
  • Company A is paying suppliers at a faster rate than Company B. (correct)

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