Question:
The trade payables turnover of a business is 36 days.
What do these 36 days represent?
1
the average number of days before the business purchases further goods on credit
2
the average number of days taken by the business to pay its credit suppliers
3
the average number of days the business is allowed by credit suppliers to pay for goods
4
the average number of days the business takes to sell goods purchased on credit
0.0000000