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
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 46E
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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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