Post Utme Bells University 2017 Commerce Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Bells University Commerce examination.

Post Utme Bells University 2017 Commerce Objective / Multiple Choice
Question 9 POST_UTME_BELLS_UNIVERSITY • 2017 • COMMERCE • objective

A company's accounts payable turnover ratio is 12 times per year. If its average accounts payable is ₦3,500,000, what is the total value of its annual purchases?

Answer Options

A. ₦42,000,000
B. ₦45,000,000
Correct Answer C. ₦48,000,000
D. ₦51,000,000
Correct Answer
C
Correct Option:
₦48,000,000

About This Question

This is Post Utme Bells University 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Bells University Commerce examination.

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