A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2023 · Q211 Mark
The following information is available for a business for the year ended 31 December. $000 revenue 800 purchases 600 owing to credit suppliers 46 owed by credit customers 58 90% of revenue is from credit sales. 80% of purchases are on credit terms. What is the trade payables turnover?
A23 days
B28 days
C35 days
D45 days
✓ Correct answer
C: 35 days
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