ACCOUNTS PAYABLE TO SALES Definition

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ACCOUNTS PAYABLE TO SALES measures the speed with which a company pays vendors relative to sales. Numbers higher than typical industry ratios suggest that the company is using suppliers assets (cash owed) to fund operations.

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DEVOLVE is to pass on or delegate to another, e.g. a devolved letter of credit.

NOPLAT is Net Operating Profit Less Adjusted Taxes.

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