Question

Activity 8 – Turnover Ratios ||
- Question 16
Opening Bills Payables $ 20,000. Closing bills payables $ 30,000. Credit
purchases $ 70,000. Total sales $ 100,000, Total Assets $ 500,000, PPE $ 250,000
- Question 17
Opening
100,000
Payables
Purchases (80% credit)
Sales (60% credit)
Current assets
Fixed assets
PPE
closing
120,000
400,000
900,000
350,000
300,000
500,000
800,000
200,000
100,000
12:55

Answer 1

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