Trade payables turnover measures average days to pay suppliers Steps:

• Use formula: trade payables turnover in days = (trade payables ÷ purchases) × 365
• Divide trade payables by purchases: 110,000 ÷ 270,000 = 0.4074
• Multiply ratio by 365: 0.4074 × 365 ≈ 148.7
• Round to nearest whole number: 149 days

Why D is correct:

• Matches standard accounting formula for creditor (payables) days using credit purchases and given payables balance as average.

Why the others are wrong:

• A. 75: Underestimates by ignoring full purchases or using partial year incorrectly.
• B. 92: Likely errors from substituting sales revenue for purchases: (110,000 ÷ 470,000) × 365 ≈ 85, then rounding up.
• C. 122: Possible miscalculation like using 300-day year: (110,000 ÷ 270,000) × 300 ≈ 122.

Final answer: D