Section D - Question 1d The following information is extracted from the 2020 financial statements of two companies working in the same Industry Elliot Ltd Howard Ltd Sales revenue Operating profit Not profit 90,000 25,000 18.000 98,000 40,000 28,000 Cash Inventory Trade receivables Current liabilities Non-current liabilities Issued share capital and reserves 5,000 12.000 4,000 18,000 12,000 53,000 5,000 11,000 8,000 30,000 18,000 82,000 . Use the formula sheet provides. This can be found in the exam information, . You must round your answers to TWO decimal places and show currency and percentages where applicable. You are advised to show your workings. There is no requirement to rewrite the formula Question: Calculate the trade receivables collection period in days for both companies Max score: 4 B7 H1 H2 H3E ZA Text 81 Add text Add equation Add drawing Not Allowed O word MacBook Air 888 & > F8 1) FS F9 >> FIO FI FVZ. $ A % 5 & 7 C 9 6 V 8 A 9 0 R T Y I. O O { (19) [P] F H J L V f B N! 3 M