COSA 16 The information provided below relates to MRG Limited for the 2021 and 2022 financial years. INFORMATION 2022 R 2021 R Sales (60% credit) 25 750 000 23 400 000 Gross profit 11 587 500 9 360 000 Profit after tax 3 690 000 3 240 000 Trade and other receivables 5 750 000 5 250 000 Trade and other payables 2 230 000 1 865 000 4 200 000 4 650 000 Inventory Assuming that all purchases were on credit, use the information provided above to determine MRG's average payment period for 2022 (round off answer to two decimal places). Please note that purchases = cost of sales + closing inventory - opening inventory. O A. 61.22 days OB. 59.36 days OC. 64.97 days OD. 57.47 days nui ye Time Flag COSA 16 The information provided below relates to MRG Limited for the 2021 and 2022 financial years. INFORMATION 2022 R 2021 R Sales (60% credit) 25 750 000 23 400 000 Gross profit 11 587 500 9 360 000 Profit after tax 3 690 000 3 240 000 Trade and other receivables 5 750 000 5 250 000 Trade and other payables 2 230 000 1 865 000 4 200 000 4 650 000 Inventory Assuming that all purchases were on credit, use the information provided above to determine MRG's average payment period for 2022 (round off answer to two decimal places). Please note that purchases = cost of sales + closing inventory - opening inventory. O A. 61.22 days OB. 59.36 days OC. 64.97 days OD. 57.47 days nui ye Time Flag