50. During the year 2020, Ali Al Shaibani group of companies made the total credit purchases worth RO 912500. For the accounting year 2020, the opening accounts payable of the company were RO 125000, and the closing accounts payable of the company was RO 75000. Using the information, calculate the Average Payment period of the company. (Consider 365 days in a year) a. None of the options b. 80 c. 42 d. 40
50. During the year 2020, Ali Al Shaibani group of companies made the total credit purchases worth RO 912500. For the accounting year 2020, the opening accounts payable of the company were RO 125000, and the closing accounts payable of the company was RO 75000. Using the information, calculate the Average Payment period of the company. (Consider 365 days in a year) a. None of the options b. 80 c. 42 d. 40
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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50. During the year 2020, Ali Al Shaibani group of companies made the total credit purchases worth RO 912500. For the accounting year 2020, the opening accounts payable of the company were RO 125000, and the closing accounts payable of the company was RO 75000. Using the information, calculate the Average Payment period of the company. (Consider 365 days in a year)
a.
None of the options
b.
80
c.
42
d.
40
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