Compute creditors turnover ratio
Compute Creditors Turnover Ratio from the following:
Rs
Total Purchases
2,05,000
Cash Purchases
40,000
Purchases Return
5,000
Opening Creditors
55,000
Closing Creditors
25,000
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Compute Debtors Turnover Ratio from the following.
A person was considering buying a house priced at $200,000. A mortgage company claimed the interest rate for the 20-year loan is 4.0%.
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