9.11 A business has trade payables at its year-end of 206,460. Purchases for the year are 1,952,278,

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9.11 A business has trade payables at its year-end of £206,460. Purchases for the year are £1,952,278, of which 90% were made on credit. What is the trade payables turnover period?

a) 42.9 days

b) 38.6 days

c) 34.7 days

d) 11.7 days The following information about Waldo Wolff plc, a company listed on the London Stock Exchange, is relevant to questions 9.12–9.15 inclusive:

Extracts from Waldo Wolff ’s accounts for the year ended 31 December 20X5 include the following useful information:

£000 Operating profit 1,836.4 Finance costs (220.0)

Profit before tax 1,616 4 Tax (485.0)

Profit after tax 1,131.4 The company has 6,000,000 shares in issue. The shares have a nominal value of 50p each. During the financial year ended 31 December 20X5 the company paid dividends of £300,000.

The market price at 31 December 20X5 of one share in the company was £3.11.

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