The industry average receivables collection period:

A. increased from 20X1 to 20X2.

B. decreased from 20X1 to 20X2.

C. did not change from 20X1 to 20X2.

Mary Gonzales is evaluating companies in the office supply industry and has compiled the following information:

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Company Credit Sales ($) 20X1 Average Receivables Balance ($) Credit Sales ($) A 5.0 million 1.0 million 6.0 million 20X2 Average Receivables Balance ($) 1.2 million B 3.0 million 1.2 million 4.0 million 1.5 million C 2.5 million 0.8 million 3.0 million 1.0 million D 0.5 million 0.1 million 0.6 million 0.2 million Industry 25.0 million 5.0 million 28.0 million 5.4 million