Pre release MAterial PDSY AQ2016, Purchases/Opening stock

LWOODSAATQB
LWOODSAATQB Registered Posts: 6 New contributor 🐸
in General discussion
I am looking at the pre-release material for the PDSY AQ2016, and trying to calculate the trade payables days however it does not give me the opening stock or purchases figures anywhere, thus stopping me from calculating that and of course working capital, any help appreciated

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  • shamilkaria
    shamilkaria Registered Posts: 119 Dedicated contributor 🦉
    Hi @LWOODSAATQB

    Trade Payable Days will be:

    Trade Payables / Cost Of Sales x 365 Days.

    Your Trade Payables figure should be in the Statement of Financial Position under the Current Liabilities heading. As for the Cost of Sales that should be given in the Statement of Profit or Loss under the Revenue just before you calculate your Gross Profit. If no Cost Of Sales you usually should be provided with the Inventory figures, maybe in the additional notes section.

    Hope this helps

    Kind regards

    Shamil

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