A business has creditors 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 creditors turnover period?

a) 42.9 days

b) 38.6 days

c) 34.7 days d)e=- 4127 days;

The following information about Waldo Wolff plc, a quoted company, is relevant to questions 13.12-13.15 inclusive. Extracts from Waldo Wolff’s accounts for the year ending 31 December 20X4 include the following useful information:

£000 Operating profit 1 836.4 Interest payable (220.0)

Profit before taxation 1 616.4 Taxation (485.0)

Profit after taxation Setset Dividends (300.0)

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£000 Retained profit 831.4 The company has 6 000 000 shares in issue. The shares have a nominal value of 50p each. The market price at 31 December 20X4 of a share in the company is £3.11.