Question: Question 07: (12 Marks) The following figures have been extracted from a company's financial statements for the year to 30th June 2020: 000 Sales 1,300

Question 07: (12 Marks) The following figures have been extracted from a company's financial statements for the year to 30th June 2020: 000 Sales 1,300 Purchases 800 Inventory - at 1st Jule 2019 60 - at 30th June 2020 70 Trade receivables at 30th June 2020 150 Trade payables at 30th June 2020 120 All sales and purchases are made on credit terms. Required Calculate the a) Inventory holding period (4 marks) b) Trade receivables collection period (4 marks) c) Trade payables payment period for the year. (4 marks)

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