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Business, 26.02.2020 05:51 Mbach2291

Based on the following information about Company X, which is true?

A/P Turnover: 20
Total Asset Turnover: 3.10
Days Payable Outstanding: 19
Times Interest Earned: 12
Debt/Equity: 1.4

A Company X pays bills in 19 days
B Company X has more equity than debt
C Company X pays bills in 20 days
D Company X pays interest in 12 days
E Company X generates $3.10 in profit per dollar invested in assets

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Based on the following information about Company X, which is true?

A/P Turnover: 20
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