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Cash R4500, Accounts Payable R10 000, accounts receivables R19 861, R27 500, Accruals R1000, Sales R110 000, gross profit margin 25%, inventory turnover 3, There
Cash R4500, Accounts Payable R10 000, accounts receivables R19 861, R27 500, Accruals R1000, Sales R110 000, gross profit margin 25%, inventory turnover 3, There are 360 days in the year, The average collection period and The current ratio is 2,4. Determine Notes payable. A. R10 677 B. R10 687 C. R10 609 D. R10 111
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