Calculate Trade Payables Turnover Ratio and Average Debt Payment Period from the following information:
Calculate Trade Payables Turnover Ratio and Average Debt Payment Period from the following information:
Total Purchases ₹ 21,00,000; Purchases Return ₹ 1,00,000; Cash Purchases ₹ 4,00,000.
[Ans.: Trade Payables Turnover Ratio = 4 Times; Average Debt Payment Period = 3 Months.]
| 1st April, 2022 (₹) | 31st March, 2023 (₹) | |
| Sundry Creditors | 1,50,000 | 4,50,000 |
| Bills Payable | 50,000 | 1,50,000 |
Anurag Pathak Changed status to publish August 15, 2023
