The following information from the financial statements of Cracow plc for last year is available: m...
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The following information from the financial statements of Cracow plc for last year is available: £m Cash purchases Cost of goods sold Trade payables at beginning of year Credit purchases Sales revenue Trade payables at end of year What is the average settlement period for trade payables for the year? (Round to the nearest day) 227 49 197 331 45 The following information from the financial statements of Cracow plc for last year is available: £m Cash purchases Cost of goods sold Trade payables at beginning of year Credit purchases Sales revenue Trade payables at end of year What is the average settlement period for trade payables for the year? (Round to the nearest day) 227 49 197 331 45
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Calculate the average settlement period for trade payables Average Accounts Payable Balance ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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