The account balances of Delta Co. as at 31 December 2019, are presented below. 1. Inventory £ 6,500 2. Accounts receivables £ 20,000 3. Accounts Payables £ 9,000 4. Gross profit £ 10,000 5. Cost of sales £ 40,000 What is the settlement period for trade receivables?

A 146 days 

B 66 days 

c) 73 days

 D 183 days

Answer rating: 100% (QA)

A 1 Statement showing Computations 2 Particulars 3 Gross pro... View the full answer