An analyst wants to calculate number of days payables and gathers the following information about XYZ Company and the industry in which it operates (in thousands):
| XYZ | Industry |
Payables | $9257 | $3535 |
Credit purchases | $22486 | $9890 |
Compared to the industry, this companys number of days payables most likely indicates:()
A. a success to take advantage of credit facilities.
B. more making payments on time.
C. a higher payables turnover ratio.