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Question 21 For the year ended 31 March 2021, Manchester Plc had total domestic and foreign credit sales of40million. The cost of these credit sales

Question 21

For the year ended 31 March 2021, Manchester Plc had total domestic and foreign credit sales of40million. The cost of these credit sales was 20 million. Trade payables are associated with domestic and international suppliers.

The current assets and liabilities of Manchester Plc as of March 2021 are summarised as follows:

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