Question: M&M Mines Ltdhas only recently started mining and supplying zinc ore. Here are data for the last four years (in $ million): Required a. Compute

M&M Mines Ltdhas only recently started mining and supplying zinc ore. Here are data for the last four years (in $ million):

Required
a. Compute the creditors turnover for its trade creditors for the last three years.
b. How would you explain the differences or similarities in creditors turnover values each year?

Item Trade creditors Credit purchases 2011 10 225 2012 30 254 2013 52 482 2014 120 1 002

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a Creditors Turnover 1 10 302 365254 287 days or 127 times per year Credit... View full answer

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