Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

Stapleton gave the information below for the year ended 30 April 2016.
(a)[4]

Calculate the trade receivables turnover (days). State the formula that is used.

(b)[4]

Calculate the closing inventory.

(c)[4]

Calculate the trade payables turnover (days). State the formula that is used.

(d)[3]

State three uses of ratio analysis for a trader.

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