About this document
Creditors Turnover Ratio Analysis by ananthakumar is a document available to read on EtoBox.
The document discusses debtor turnover ratio, which is calculated by dividing net credit sales by average debtors. A higher ratio indicates debtors are paying back debts more quickly. The debtor turnover ratio for the company increased from 1.14 in 2011-2012 to 1.79 in 2015-2016, showing debt repayment speed increased. Creditor turnover ratio measures the speed at which a company pays its creditors and is calculated as net credit purchases divided by average accounts payable. The company
- Author
- ananthakumar
- Language
- EN