(a) If accounts payable are 40,000 and purchases are 240,000, what is the accounts payable/purchases ratio? (b)...

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(a) If accounts payable are £40,000 and purchases are £240,000, 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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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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