30. The accounts receivable turnover rate for Fan Milk Ltd. has gone from an average of 9 times to 12 times per year. Assume a 360-day period. The trade receivables collection period will O(a) increase by 10 days O (b) decrease by 10 days O (c) decrease by 3 days (d) decrease by 30 days 20:11 27. KFC Ltd wants to maintain the following records for the next period. Trade receivable collection period 45 days. Sales GHc400,000. Cost of Sales Ghc100,000 Inventory GHc50,000. Cash GHc80.000. Trade payable GHc70,000. What is the working capital requirement? Assume 360 day-period O (a) GHc60,000 (b) GHC110,000 (e) GHC100,000 O (d) GHe90,000 20:1