(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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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 29, 2024 01:01 AM

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(a) If accounts payable are 55,000 and purchases are 232,000, what is the accounts payable/ purchases ratio?...

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a The accounts payablepurchases ratio is calculated by dividing the accounts payable by ...View the full answer

Frank Woods Business Accounting Volume 1

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