Accountancy, asked by venuNaidu6569, 1 year ago

Average payout period 2.4months, what us creditors turnover?

Answers

Answered by sujiritha95
2
creditors payout period = 12/creditors turnover 
                    2.4 months = 12/creditors turnover 
     

creditor turnover = 12/2.4

 creditor turnover   =5 times 

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