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he information provided below relates to Croesus Imited for the 2021 and 2022 financial years. NFORMATION 2022 2021 R R Sales ( 50% credit) 5150000
he information provided below relates to Croesus Imited for the 2021 and 2022 financial years. NFORMATION 2022 2021 R R Sales ( 50% credit) 5150000 4680000 Gross profit 2317500 1872000 Profit after tax 738000 648000 {:[" Trade and other "],[" receivables "]:} 1150000 1050000 Trade and other payables 446000 373000 Inventory 840000 930000 Assuming that all purchases were on credit, use the information provided above to determine Croesus's average creditor payment period for 2022 (Please calculate and use the average value of the trade and other payables for 2021 and 2022 to determine the average creditor payment period). A. 64.7 days B. 54.5 days C. 61.2 days D. 79.4 days
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