Given some of these information from the company's financial statements, choose which are applicable and solve for the average collection period and average payment period for 2015.

Current Assets (CA)	2015	2014
Cash	280,000,000	86,000,000
Trade receivables	40,000,000	42,000,000
Due from related parties	50,000,000	10,000,000
Inventories	58,000,000	25,000,000
Prepayments & other CA	30,000,000	15,000,000

Current Liabilities (CL)	2015	2014
Trade and other payables	150,000,000	120,000,000
Due to a related party	35,000,000	190,000,000
Income tax payable	60,000,000	40,000,000
Lease liabilities	2,000,000	0
Loans payable	75,000,000	55,000,000

Stockholders' Equity	2015	2014
Capital Stock	320,000,000	9,000,000
Retained Earnings	130,000,000	145,000,000
Additional Paid in Capital	180,000,000	0
Remeasurement	-2,500,000	-2,400,000

COGS for 2015: 750,000,000 and for 2014: 580,000,000.

The company's net sales for 2015 is 1,200,000,000.00 and for 2014 is 800,000,000.00. Show complete solution in solving for ACP and APP. Explain why certain elments are chosen.

Formula for:

ACP=Accounts Receivable/(Net Sales360)

APP=Accounts Payable/(Annual Purchases360)