Brunswick Ltd has been growing relatively slowly in a mature industry. Here are its trade creditor and credit purchases data for the last five years (in $ million):

Required
a. Compute the creditors turnover (days) for its trade creditors for the last four years.
b. What do this ratio tell you about the company?

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tem Trade creditors Credit purchases 2012 380 4 206 2013 410 4 580 2014 502 4 826 2015 594 5010 2016 690 5340