Interpretation of Financial Statements (Ratio Analysis)

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October 18, 2014 at 9:09 am #204793
Zeshan
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Why don’t we calculate the purchases and use it for the payables period calculation instead of using cost of sales?
October 18, 2014 at 9:36 am #204804
John Moffat
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We do if the information is available!

You also asked this question as a comment under the relevant lecture and I have explained in my reply to your comment why we did not do it in that example.
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