From the following information regarding the year to 31 August 20X6, what is the accounts payable payment period? You should calculate the ratio using purchases as the denominator. $ Sales 43,000 Cost of sales 32,500 Opening inventory 6,000 Closing inventory 3,800 Trade accounts payable at 31 August 20X6 4,750 A 40 days B 50 days C 53 days D 57 day

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A: The ratio analysis helps to analyse the financial statements of the business.

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A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS    formula = Average accounts receivable = (Accounts…

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A:

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