) A company’s trade payables days and trade receivables days are 60 days and 30 days, respectively. The sales and purchase information for the year was as follows: Sales Purchases £m £m Cash 27 10 Credit 35 18 Total 62 28 What was the trade receivables and trade payables balances at the year end? a) £5.10m and £4.60m b) £2.21m and £1.64m c) £5.75m and £1.48m d) £2.88m and £2.96m

) A company’s trade payables days and trade receivables days are 60 days and 30 days, respectively. The sales and purchase information for the year was as follows: Sales Purchases £m £m Cash 27 10 Credit 35 18 Total 62 28 What was the trade receivables and trade payables balances at the year end? a) £5.10m and £4.60m b) £2.21m and £1.64m c) £5.75m and £1.48m d) £2.88m and £2.96m

Name: 1) A company’s trade payables days and trade receivables days are 60 d
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Description: 1) A company’s trade payables days and trade receivables days are 60 daysand 30 days, respectively.The sales and purchase information for the year was as follows:Sales Purchases£m £mCash 27 10Credit 35 18Total 62 28What was the trade receivables and

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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