A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2012 · Q211 Mark
A company has the following year end information. $000 credit purchases 210 credit sales 630 total purchases 280 total sales 840 trade payables 30 trade receivables 80 How long do the company's credit customers take to pay?
A35 days
B39 days
C47 days
D52 days
✓ Correct answer
C: 47 days
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