Calculate Opening and Closing Trade Payables from the following information, when Trade Payable Turnover Ratio is 4 Times
Calculate Opening and Closing Trade Payables from the following information, when Trade Payable Turnover Ratio is 4 Times:
(I) Cash Purchases 25% of Credit Purchases
(ii) Revenue from Operations is ₹ 4,00,000.
(iii) Gross Profit 25% of Revenue from Operations.
(iv) Opening Inventory ₹ 5,00,000 whereas Closing Inventory ₹ 6,00,000.
(v) Trade Payables at the end are 3 Times more than that of in the Opening.
Anurag Pathak Changed status to publish March 12, 2024
