Question 2 Keynotes provides the following information for January and February 2021: January $'000 840 120 560 520 180 162 140 Credit sales Cash sales Cost of sales Credit purchases Trade Receivables Trade Payables Inventory at end of February $'000 880 150 620 550 196 170 70 + + Required Calculate for February 2021: (a) The average settlement period for accounts receivable (b) The average settlement period for trade payables (c) The average inventory turnover period (d) The operating cycle (Total 4 marks) 1