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Trade Payables Days

This topic has 1 reply, 1 voice, and was last updated 6 years ago by dublinacca.

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February 27, 2019 at 6:48 pm #506759
dublinacca
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What do I add and subtract to the cost of sales in the SOPL to get the figure for ‘credit purchases’ when working out the Trade Payables days? Thanks.
February 27, 2019 at 7:10 pm #506761
dublinacca
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Brain took a while to get going there after a long day…
(Credit) Purchases = cost of sales + closing inv – opening inv
Thanks.
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