Explanation:

- Credit Purchases: This is the total amount of goods purchased on credit, which is Rs12,00,000.

- Opening Creditors: The amount owed to suppliers at the beginning of the period, which is Rs2,00,000.

- Closing Creditors: The amount owed to suppliers at the end of the period, which is Rs1,00,000.

- Trade Payables Turnover Ratio: This ratio shows how many times the company pays off its suppliers in a period. It's calculated as Credit Purchases divided by Average Creditors.

- Average Creditors: (Opening Creditors + Closing Creditors) / 2 = (2,00,000 + 1,00,000) / 2 = Rs1,50,000.

Trade Payables Turnover Ratio = Credit Purchases / Average Creditors = 12,00,000 / 1,50,000 = 8 times.

- Options:

- 1: 6 times

- 2: 4 times

- 3: 8 times

- 4: 12 times

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