Question

Given the following information, calculate the Trade Payables Turnover Ratio: Opening Sundry Creditors: ₹80,000 Opening Bills Payable: ₹3,000 Closing Sundry Creditors: ₹1,00,000 Closing Bills Payable: ₹17,000 Purchases: ₹14,00,000 Cash Purchases: ₹5,00,000 Purchases Return: ₹1,00,000

A 6 times
B 7 times
C 8 times
D 9 times
E 10 times
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