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g) To determine the average credit period of suppliers, Brama has the following data (assume that the year has 360 days): Budgeted payments to suppliers:
g) To determine the average credit period of suppliers, Brama has the following data (assume that the year has 360 days): Budgeted payments to suppliers: SEK 450,000. Cost of goods sold, KSV, for the financial year: SEK 475,000. Budgeted expenses for purchases of goods from suppliers: SEK 400,000. Closing accounts payable at the end of the financial year are estimated at SEK 50,000. Answer the following: The average credit period with suppliers, based on this data, amounts to (round to full days) full days.
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