Question: Based on the information provided below, what is the company's creditors turnover period? Opening inventory Closing inventory Cost of sales Payables $ 11,000 9,500 38,000

 Based on the information provided below, what is the company's creditors

turnover period? Opening inventory Closing inventory Cost of sales Payables $ 11,000

Based on the information provided below, what is the company's creditors turnover period? Opening inventory Closing inventory Cost of sales Payables $ 11,000 9,500 38,000 6.200 O a. 129 days O b. 110 days O c. 60 days O d. 62 days

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!