Managing Accounts Payable

15.4b Referring to your answer to part ‘a’, state whether the Accounts Payable Turnover is satisfactory. Justify

your answer.

15.4c. Suggest two strategies the owner could implement to improve the firm’s Accounts Payable Turnover.

15.4d. State two possible consequences of exceeding the terms offered by the supplier.

15.5b. Referring to your answer to part ‘a’, state whether the Accounts Payable Turnover is satisfactory. Justify

your answer.

15.5c. State one positive consequence of exceeding the credit terms offered by suppliers.

15.5d. Explain how paying early could improve the liquidity and profitability of Mildura Fashions.