What is the receivables holding period?

A. 21.6 days.

B. 8 times.

C. 19.4 days.

D. 4.7 times.

E. 28.2 days.

Using the following balance sheet and income statement

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Balance sheet m Property 200 Trade payables Plant and equipment 300 Tax due Other non-current assets 20 Other current liabilities m 65 14 Inventory 135 Share capital (1 shares) 145 Trade receivables 85 Reserves 174 Cash 30 770 Long-term loans 305 770 Income statement (and other changes in equity) m Sales (of which 1,100 are on credit) 1,600 Operating costs (1,300) Interest (20) Profit before tax Profit after interest and tax Dividends paid Retained profits 280 (60) 220 (80) 140