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the following information has been taken or calculated from Fowlers financial statements for the year ended 30 September 2014.
Fowlers cash cycle at 30 September 2014 is 70 days
its inventory turnover is six times
Year end trade payables are $230,000
Credit purchases for the year were $2m
Cost of sales for the year was $1.8mWhat is fowlers trade receivables collection period as at 30 September 2014?
A, 106, B, 89, C, 56 D, 51
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