Based on the information provided below, what is the company's creditors turnover period? Opening inventory Closing inventory Cost of sales 11,000 9,500 38,000 6,200 Payables O a. 129 days O b. 110 days O c. 60 days O d. 62 days

Based on the information provided below, what is the company's creditors turnover period? Opening inventory Closing inventory Cost of sales 11,000 9,500 38,000 6,200 Payables O a. 129 days O b. 110 days O c. 60 days O d. 62 days

Name: Based on the information provided below, what is the company's credit
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Description: Based on the information provided below, what is the company's creditors turnover period?Opening inventoryClosing inventoryCost of sales2$11,0009,50038,0006,200PayablesO a. 129 daysO b. 110 daysO c. 60 daysO d. 62 days

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 7MCQ

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