The following information was extracted from the financial records of Mxo Limited at 28 February 2021, the end of the financial year. 2021 2020 Inventory Other financial assets Other financial liabilities Trade receivables Trade payables R 75 300 130 000 159 000 57 300 32 900 R 22 400 125 000 180 000 47 400 28 500 Additional information: 1. The gross profit percentage is 38% on sales. 2. Purchases for the year amounted to R295 000 and 49% thereof were on credit. 3. Ratios reported in year ended 28 February 2020: Trade receivables collection period - 66.9 days Trade payables payment period - 64.9 days Inventory turnover rate - 6 times 4. Only 27% of the total sales were cash sales. QUESTION 1 Which of the following alternatives represents the correct trade receivables collection period of Mxo Limited for year 2021? . A. 67.03 B. 41.08 C. 66.90 D. 65.80 E. 181.24