Jones and Brown Retail Stationery sells its products to other businesses. It has provided the following information:

Using 250 days as the number of days the business is open, calculate:

• the days’ sales outstanding;

• the stock turnover; 

• the days’ purchases outstanding.

Transcribed Image Text:

Sales 1,200,000 Cost of sales 450,000 Inventory at end of year 200,000 Debtors at end of year 200,000 Creditors at end of year 100,000