Belair Forton Limited Recorded Revenue of £2 266 380 in the 20X1

Multiple Choice

Belair Forton Limited recorded revenue of £2 266 380 in the 20X1 financial year, of which 47% was on credit.The average trade receivables figure over that period was £152 630. What was the trade receivables collection period in months (to one decimal place) ?

A) 0.81 months
B) 0.38 months
C) 1.72 months
D) 1.52 months