Practice prompt · Q:multi-period-statement-analysis-and-operating-efficiency/payables-turnover-001

Select the payables-turnover numerator

Distinguishes credit purchases, merchandise purchases, cost of goods sold, and supplier payments.

Updated Sep 10, 2026 Review due Nov 7, 2026

Practice

Check your answer

Choose a response and explain your reasoning.

Opening trade Accounts Payable is $40,000, ending trade Accounts Payable is $50,000, disclosed credit purchases are $270,000, total merchandise purchases are $300,000, and cost of goods sold is $285,000. No other payable adjustments occur. Which calculation uses the activity that created the scoped payables?