11-26-2009, 05:08 AM
Thanks but how can I calculate the purchases if it not given on the financial statement?
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by kamranACA</i>
<br />
Ratio = (Average accounts payable* / purchases during the year) x 365 days
*Average A/C payable = (opening balance of A/C payable + closing balance of A/C payable) / 2
Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by kamranACA</i>
<br />
Ratio = (Average accounts payable* / purchases during the year) x 365 days
*Average A/C payable = (opening balance of A/C payable + closing balance of A/C payable) / 2
Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
