Lavender Plantations Pty Ltd manufactures Lavender-based products and commenced operations in 2019. Production and sales have grown
Question:
Lavender Plantations Pty Ltd manufactures Lavender-based products and commenced operations in 2019. Production and sales have grown consistently. Here are data for the last four years (in $ thousand).
Required
(a) Compute the creditors turnover for Lavender Plantations Pty Ltd’s trade creditors for the last three years.
(b) How would you explain the differences or similarities in creditors turnover values each year?
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Step by Step Answer:
a Average settlement period Average creditors x 365 Credit Purchase Creditors turnover 1 66 85 2 365 ...View the full answer
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Somshukla Chakraborty
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