QUESTION 28 Use these figues to answer questlons 26-29 Wickes Ltd has the following figures at December 2020 Revenue(90% credit sales) Opening Inventory Purchases-(80% on credit) Trade Recelvables Provision for doubtul debts -11,325 Trade payables Closing Inventory 1,936,000 145,550 1,042,255 237,810 160,479 160,370 Calculate the Trade payables turnover for in days for Wickes Ltd for December 2020
QUESTION 28 Use these figues to answer questlons 26-29 Wickes Ltd has the following figures at December 2020 Revenue(90% credit sales) Opening Inventory Purchases-(80% on credit) Trade Recelvables Provision for doubtul debts -11,325 Trade payables Closing Inventory 1,936,000 145,550 1,042,255 237,810 160,479 160,370 Calculate the Trade payables turnover for in days for Wickes Ltd for December 2020
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...
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