A Sole Trader's Revenue for the 20X6 Financial Year Was

Multiple Choice

A sole trader's revenue for the 20X6 financial year was £686 333.Revenue increased by 8% in the 20X7 financial year.In both years, revenue on credit accounted for 75% of total revenue.The trade receivables turnover ratio for 20X7, calculated using the closing trade receivables figure, was 38.6 days. What was the trade receivables figure at the 20X7 year end (to the nearest £) ?

A) £78 389
B) £58 791
C) £54 437
D) £63 494