Total purchase 1,70,000, cash purchases . 16,000, purchase return 8,000, creditors at the end of the year 32,000, creditors in the beginning 24,000. What will be the creditors turnover ratio?
Share
Total purchase 1,70,000, cash purchases . 16,000, purchase return 8,000, creditors at the end of the year 32,000, creditors in the beginning 24,000. What will be the creditors turnover ratio?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
I am also fine
mst wlc
Step-by-step explanation:
hope that helps you
Mark my answer in brainlist please
Verified answer
Answer:
Average accounts payable = (Rs. 4,00,000 + Rs. 2,00,000)/2
= Rs. 3,00,000
Credit turnover ratio = Net credit purchases/Average accounts payable
= Rs. 12,00,000/Rs. 3,00,000
= 4 Times
Step-by-step explanation:
please Mark me as brainlist please help me it's my request please Mark me as brainlist