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Payable turnover ratio

In comparing my answers to one of your postings # 147076 which was originally created on 10/2/07, I noticed an error and am hoping that you can help me with this as I am a bit confused. It seems to me that the OTA used the same figures from the Accounts Receivables balance for both the Accounts Receivables and Account Payables Turn Around Days in which I am trying to make sure that I have the correct turn over days for the Account Payables. As I now I am coming up with over 2500 days which just not not seem right.

I have attached the Excel file and the part that I am in question is highlighted in Orange and changed to Italics.

Any help in this matter would be greatly appreciated.

Thank you.

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It seems to me that the OTA used the same figures from the Accounts Receivables balance for both the Accounts Receivables and Account Payables Turn Around Days in which I am trying to ...

Solution Summary

Response provides the steps to compute the payable turnover ratio

$2.19