Calculate Trade Payables Turnover Ratio for the year 2022-23 in each of the alternative cases: Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000
Calculate Trade Payables Turnover Ratio for the year 2022-23 in each of the alternative cases:
Case 1: Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000; Purchases Return ₹ 60,000; Cash Purchases ₹ 90,000.
Case 2: Opening Trade Payables ₹ 15,000; Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000.
Case 3: Closing Trade Payables ₹ 45,000; Net Purchases ₹ 3,60,000.
Case 4: Closing Trade Payables (including ₹ 25,000 due to a supplier of machinery) ₹ 55,000; Net Credit Purchases ₹ 3,60,000.
[Ans.: Trade Payables Turnover Ratio = (i) 6 Times; (2) 12 Times; (3) 8 Times; (4) 12 Times.]
Anurag Pathak Changed status to publish August 15, 2023
