23 Jan You are an analyst focused on the retail sector. I
You are an analyst focused on the retail sector. In reviewing the financial statements of one of the companies you follow, you note that its accounts payable turnover ratio is significantly higher than those of all of the comparative companies in the sector. Required: Explain whether your report on this company for your firm’s investing clients would note that this is a positive or a negative factor. Be sure that your response is somewhat balanced by providing some rationale for both perspectives.