What is the Creditor Turnover ratio? How to calculate Creditor Turnover Ratio? What is the average payment days? How to calculate the average payment day?
The creditor’s turnover ratio is also known as the Payables Turnover Ratio. It is useful for knowing about company payment policy. It is an activity ratio that finds out the relationship between purchases and creditor of a business. It also useful in find out how efficiently the funds are employed by a firm and indicates […]