The following figures have been extracted from the most recent financial statements of a business:

On the basis of the information available, calculate:
(i) The average time taken to collect money from customers (in days);
(ii) The average time taken to sell inventory (in days);
(iii) The average time taken to pay suppliers (in days); and (iv) The gross profit \% (gross profit as a percentage of sales).

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Extracted from income statement: Sales Purchases Cost of goods sold Extracted from balance sheet: 355,200 Inventory 223,600 Trade receivables 220,100 Trade payables 44 29,900 43,300 32,800