Use the information below to answer this question.
(begin{array}{c|c}
text{Stock} & 11,250 \
hline
text{Debtors} & 18,750 \
hline
text{Creditors} & 3,750 \
hline
text{Bank} & 4,000 \
hline
text{Net profit} & 7,500 \
hline
text{Net} & 60,000 \
end{array})
Determine the debtors collection period
(begin{array}{c|c}
text{Stock} & 11,250 \
hline
text{Debtors} & 18,750 \
hline
text{Creditors} & 3,750 \
hline
text{Bank} & 4,000 \
hline
text{Net profit} & 7,500 \
hline
text{Net} & 60,000 \
end{array})
Determine the debtors collection period
-
A.
114 days -
B.
68 days -
C.
37 days -
D.
41 days