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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 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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