A) \[\frac{Net Credit Purchases\,}{Average Creditors}\]
B) \[\frac{Net Credit Purchases\,}{~Average Creditors + Average Bills Payable}\]
C) \[\frac{Cash Purchases\,}{~Total Creditors}\]
D) None of the above
Correct Answer: B
Solution :
[b] \[\frac{Net Credit Purchases\,}{~Average Creditors + Average Bills Payable}\]
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