Choose the correct classification for investments based on the following data:

Investment value: $109,000

Maturity period: 13 months

Net sales: $900,000

Average debtors: $360,000

Cost of sales: $750,000

Average inventory: $375,000

Average payables: $75,000

Select one:

a. Non-current asset

b. Current asset

c. Current liability

An analyst gathered the following information for a small company reporting under IFRS:

Revenue: $600,000

Average Trade Receivables: ($60,000)

Cash Sales are 40% of credit sales

Note: Number of days in a year to be assumed as 360. The best approximation of days of sales outstanding is closest to:

Select one:

a. 36.

b. 60.

c. 50.