Wickes Ltd has the following figures at December 2020 £ Revenue(90% credit sales) 1,936,000 Opening Inventory 145,550 Purchases-(80% on credit) 1,042,255 Trade Receivables 237,810 Provision for doubtul debts -11,325 Trade payables 160,479 Closing Inventory 160,370 Calculate the Trade payables turnover for in days for Wickes Ltd for December 2020
Wickes Ltd has the following figures at December 2020 £ Revenue(90% credit sales) 1,936,000 Opening Inventory 145,550 Purchases-(80% on credit) 1,042,255 Trade Receivables 237,810 Provision for doubtul debts -11,325 Trade payables 160,479 Closing Inventory 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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Wickes Ltd has the following figures at December 2020
£
Revenue(90% credit sales) 1,936,000
Opening Inventory 145,550
Purchases-(80% on credit) 1,042,255
Trade Receivables 237,810
Provision for doubtul debts -11,325
Trade payables 160,479
Closing Inventory 160,370
Calculate the Trade payables turnover for in days for Wickes Ltd for December 2020
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