Q14 Extracts from the statement of financial position of ABC limited reveal that Trade receivables 1,500,000, Trade payables 1,701,000

Q14 Extracts from the statement of financial position of ABC limited reveal that Trade receivables 1,500,000, Trade payables 1,701,000 and from Income statement credit purchases of 5,250,000 and credit sales of 13,600,000. Calculate the Trade Receivable collection period
 40 days
 45 days
 118 days
 60 days

 

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