(Answered) We will look at how a firm manages its trade receivables

Finance

We will look at how a firm manages its trade receivables and trade payables with the following extract from the financial statements of a company:

	2010	2011
	£	£
Sales	225,000	310,000
Purchases	140,000	195,000
Trade receivables	18,500	38,000
Trade payables	12,400	13,200

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