The accounts payable represents any short –term obligations that an organization is required to cover. These obligations usually date as far back as one year and it is critical that a company makes sure that they meet these duties. If a company consistently fails to cover its accounts payable, they will lose creditability.
Because big stores such as Dick Sporting Goods sell a wide variety of products and maintain relationships with a number of suppliers, it would not be uncommon for them to have a large amount of accounts payable. As long as the company handles its obligations to pay suppliers for say delivering a bundle of compression shorts from their warehouse to the actual store , they will maintain control over these short-term liabilities. Because Dick’s handles a number of transactions due to the company’s size, I am sure they have an accounting department responsible for keeping track of account payables.