(a) If accounts payable are 55,000 and purchases are 232,000, what is the accounts payable/ purchases ratio?...
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(a) If accounts payable are £55,000 and purchases are £232,000, what is the accounts payable/ purchases ratio?
(b) How many days does the business take on average to pay its creditors?
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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