Compute average trade debtors collection period for Beta Company for 2021financial year. Use gross (before loss allowance) trade debtors balances, and assume 360 days/year in your calculation. Round your answers to the nearest day and show your calculations.

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Consolidated Statement of Profit or Loss For the year ended 31 March 2021 2021 2020 Note US$ million US$ million Revenue 2,372.3 2,165.5 Cost of sales (1,645.7) (1,501.9) Gross profit 726.6 663.6 Other net income 4.2 5.9 (296.3) Selling and distribution costs Administrative and other operating expenses (295.5) (82.7) (71.8) Research and development expenses (86.4) (81.7) Operating profit Net finance expense 1(b) 266.2 219.7 2 (7.3) (74) Share of results of an associate 0.4 Profit before taxation 2 259.3 212.3 Taxation 4 (28.4) (21.6) Profit for the year and attributable to shareholders of the Company 230.9 190.7 Consolidated Statement of Profit or Loss For the year ended 31 March 2021 2021 2020 Note US$ million US$ million Revenue 2,372.3 2,165.5 Cost of sales (1,645.7) (1,501.9) Gross profit 726.6 663.6 Other net income 4.2 5.9 (296.3) Selling and distribution costs Administrative and other operating expenses (295.5) (82.7) (71.8) Research and development expenses (86.4) (81.7) Operating profit Net finance expense 1(b) 266.2 219.7 2 (7.3) (74) Share of results of an associate 0.4 Profit before taxation 2 259.3 212.3 Taxation 4 (28.4) (21.6) Profit for the year and attributable to shareholders of the Company 230.9 190.7

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