The extracts of an income statement for a company show the following: 641,000 Sales Less: Cost of sales Opening Inventory Purchases 64.000 437,000 501,000 (66,000) Closing Inventory (435,000) 206,000 While extracts of the statement of financial position show the following: Inventory 66,000 Trade receivables 62.000 Trade payables 76,000 The inventory turnover period is closest to (to the nearest 5 days) 55 days I do not want to answer this question O 50 days O None of these options are correct O 70 days 60 days