Given the following data; TOTAL PURCHASES 150000 CASH PURCHASES 45000 PURCHASE RETURN S000 OPENING CREDITORS 30000 CLOSING CREDITORS 20000 What will be the Creditors Turmover Ratio (TOR)? O a. 3 O b.6 Oc8 O d.4

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Q: I Current ratio li. Times interest earned jli. Inventory turnover

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A: Here, Net Credit Sales is $14100000 Cost of Goods Sold is $9370000 Average Inventory is $1171250

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is