A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2023 · Q221 Mark
The following information is available for a business at the end of its financial year. credit purchases $140 000 credit sales $220 000 total purchases $160 000 total sales $250 000 trade payables $15000 trade receivables $16000 What is the trade receivables turnover?
A24 days
B27 days
C35 days
D40 days
✓ Correct answer
B: 27 days
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