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An extract from the financial statements of a company shows the following: trade debtors of K100,000, Trade creditors of K70,000, Turnover of K500,000, Cost of
An extract from the financial statements of a company shows the following: trade debtors of K100,000, Trade creditors of K70,000, Turnover of K500,000, Cost of sales of K300,000, operating profit of K20,000, interest expense of K30,000, Stocks of K90,000. What is the average creditor payment period?
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GLP Quality Audit Manual
Authors: Milton A. Anderson
3rd Edition
0367398435, 978-0367398439
