O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2025 · Q311 Mark
A trader provided the following information for the year ended 31 December. [Table with data: 'total cash and credit purchases of goods for resale $150000', 'cash purchases of goods for resale $17000', 'credit purchases of non-current assets $25000']. His trade payables at that date were $8000. What was the trade payables turnover?
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A17 days
B20 days
C22 days
D24 days
✓ Correct answer
C: 22 days
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