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

Analysis and communication of accounting information — practice question

Giles, acting as a sole trader, supplied the details for the year ending 31 March 2020.
(a)[4]

Calculate the sales figure for the year ended 31 March 2020.

(b)[4]

Calculate the trade receivables turnover in days.

(c)[4]

Calculate the trade payables turnover in days.

(d)[3]

Explain the impact on the liquidity of Giles’s business of your answers to (b) and (c).

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