June 2021
A decreasing turnover ratio indicates that a company is taking longer to pay off its suppliers than in previous periods. The rate at which a company pays its debts could provide an indication of the company's financial condition. Alternatively, a decreasing ratio could also mean the company has negotiated different payment arrangements with its suppliers. Once you get the statements you look at the years beginning and ending account payable balances. A high number may be due to suppliers demanding quick payments, or it may indicate that the company is seeking to take advantage of early payment discounts or actively...
Are You Ready To Level Up Your Game?
Contact us today to start your project. We can’t wait to join you on your journey.
Subscribe to our newsletter and get notifications and updates delivered in you inbox!
Privacy Policy Terms of Use Site Map
© 2022 - Creative Matics.
Powered By Creativeshark
