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प्रश्न
Calculate Trade Payables Turnover Ratio from the following information:
| ₹ | |
| Opening Trade Payables | 1,30,000 |
| Payment to Trade Payables | 6,80,000 |
| Purchase Returns | 40,000 |
| Closing Trade Payables (including ₹ 50,000 due to a supplier of machinery) | 2,20,000 |
संख्यात्मक
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उत्तर
Net Credit Purchases = Credit Purchase − Purchase Returns
= ₹ 7,60,000 − ₹ 40,000
= ₹ 7,20,000
Average Trade Payables = `("Opening Trade Payables" + "Closing Trade Payables")/2`
= `(₹ 1,30,000 + ₹ 1,70,000)/2`
= `(₹ 3,00,000)/2`
= ₹ 1,50,000
Trade Payables Turnover Ratio = `"Net Credit Purchases"/"Average Trade Payables"`
= `(₹ 7,20,000)/(₹ 1,50,000)`
= 4.8 Times
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