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Calculate the company payable turnover

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Reference no: EM13533958

Wango Sales Inc. comparative income statement and balance sheet 2011 and 012.
Data Table:
COGS: 2012 2011
$2950,000 $3,445000
Avg. A/R @295,000 $ 265,000

Requirements:
1. Calculate the company's payable turnover and days payable outstanding ( DPO) for 2011 and 2012. (Give the formula use)
2. On the basis of this computation alone has the company liquidity position (a). Improved (b). Deteriorated during 2012?

Reference no: EM13533958

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