(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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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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