Calculating payable days, please help!
kelove1
Registered Posts: 16 New contributor 🐸
Please can someone help me calculate the payable days when given figures for this items,
Sales
Gross profit
Operating profit
Non current asset nbv
Inventory
Debtors
Cash
Creditors
I know the calculation should be payables/cost of sales x 365
But not even sure how to calculate cost of sales from only these.
Sorry its probably easy but I'm struggling a bit with this.
Sales
Gross profit
Operating profit
Non current asset nbv
Inventory
Debtors
Cash
Creditors
I know the calculation should be payables/cost of sales x 365
But not even sure how to calculate cost of sales from only these.
Sorry its probably easy but I'm struggling a bit with this.
0
Comments
-
Is this for the working capital?
0 -
May just be debtors/inventory * amount of days (should be given in the scenario)
Not sure tbh. If it is for the management techniques exam, it is easier then this0
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