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payable days

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › payable days

  • This topic has 0 replies, 1 voice, and was last updated 9 months ago by cwazysam.
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  • September 21, 2021 at 7:29 pm #636164
    cwazysam
    • Topics: 4
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    What is the reason behind payable days remaining constant even when sales, cost of sales have been decreasing for three consecutive years? for instance the payble days for year 2 and 3 remain constant? how do i explain it?
    year 1 year 2 year 3
    sales 77119557 79000314 63687754
    cost of sales -33928169 -37556552 -36011992

    trade payables 9,602,383 8,059,754 7,654,365

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