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What the average debtors collection period for the year

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Reference no: EM132954716

The following is an extract from the financial statements of Metsi Limited for the year ended 28 February 2021

2021

R

Gross profit 400 000

Cost of sales 800 000

Inventories 400 000

Trade receivables 600 000

Problem 1: The average debtors' collection period for the year ended 28 February 2021 was determined to be_____

A. 274 days
B. 170 days
C. 68 days
D. 182 days

Reference no: EM132954716

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