07 (12 Marks) The following figures have been extracted from a company's financial statements for the year to 30th June 2020: Sales Purchases Inventory at 1st Jule 2019 - at 30th June 2020 000 1,300 800 60 70 150 120 Trade receivables at 30th June 2020 Trade payables at 30th June 2020 All sales and purchases are made on credit terms. Required Calculate the a) Inventory holding period (4 marks) b) Trade receivables collection period (4 marks) e) Trade payables payment period for the year. (4 marks)