If the trade payable turnover ratio is divided by 365 days, it become a ratio of :
A. Average age of inventory
B. Average collection period
C. Average payment period
D. Cheque collection period
Answer:C
If the trade payable turnover ratio is divided by 365 days, it become a ratio of :
A. Average age of inventory B. Average collection period C. Average payment period D. Cheque collection period