Quiz: Efficiency Ratios - Payables Days
AQA A-Level Business (7132)
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Building on what you've learned about financial ratios, let's test your understanding of payables days!
What does payables days measure?
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Which of the following can influence payables days? (Select all that apply)
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Payables days is calculated using the formula: {{blank0}} \times 365 / {{blank1}}.
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Match the items on the left with their correct pairs on the right
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A company has trade payables of £15,000 and a cost of sales of £90,000. Calculate its payables days.
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Why might a company aim to increase its payables days?
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Match the items on the left with their correct pairs on the right
Which of the following are benefits of analysing payables days? (Select all that apply)
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If a company has trade payables of £20,000 and its payables days are 50, calculate its cost of sales.
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