Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

For the year ending 31 May 2021, a trader supplied the details below. Trade payables at 1 June 2020: $12250$ Trade payables at 31 May 2021: $42000$ Credit purchases during the year: $319375$ What was the trade payables turnover (days) for the year ending 31 May 2021?

  • A31 days
  • B34 days
  • C48 days
  • D62 days

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