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Albany Port Authority Limited has the following information relating to trade receivables and revenue in its financial statements at 31 December 20X5: Revenue 1,670,227 Trade
Albany Port Authority Limited has the following information relating to trade receivables and revenue in its financial statements at 31 December 20X5:
Revenue
1,670,227
Trade receivables
147,371
75% of sales are on credit and the remainder are cash sales.
The trade receivables collection period in days (to one decimal place) is:
Select one:
A.36.3 days
B.48.3 days
C.32.2 days
D.42.9 days
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