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Njengabo Limited is company in the coal export business and the following information was extracted from the financial records of this Eated company at
Njengabo Limited is company in the coal export business and the following information was extracted from the financial records of this Eated company at 28 February 2022, the end of the financial year. 2022 2021 R Other financial liabilities Other financial assets Inventory Trade payables Trade receivables R 178 800 181 200 154 500 125 400 80 500 22 600 37000 28 700 64500 47 800 Additional information 1. Purchases for the year amounted to R310 000 and 57% thereof were on credit. 2. Ratios reported in year ended 28 February 2021 3. Trade receivables collection period-660 days Trade payables payment period-64.9 days Inventory turnover rate-6 times Only 40% of the total sales were cash sales. 4. The gross profit percentage is 35% on sales Which of the following alternatives represents the correct trade receivables collection period of Njengabo Limited for year 202:27 O 54.80 b. 82.40 Oc54.20 d. 91.33 Oe:54.00
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