The following information has been taken or calculated from Fowler’s financial statements for the year ended 30 September 20X5: Cash cycle at 30 September 20X5 70 days Inventory turnover six

The following information has been taken or calculated from Fowler’s financial statements for the year ended 30 September 20X5: Cash cycle at 30 September 20X5 70 days Inventory turnover six times Year-end trade payables at 30 September 20X5 $230,000 Credit purchases for the year ended 30 September 20X5 $2 million Cost of sales for the year ended 30 September 20X5 $1.8 million is Fowler’s trade receivables collection period as at 30 September 20X5? A 106 days B 89 days C 56 days D 51 days

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