The management of Ram Sham Limited is concerned about the increasing level of sundry receivables. The company has the policy of giving 60 days credit to its customers. All the sales are on credit basis. The information about the yearly sales and year end receivables for the last three year is given as follows: 

Please prepare a report for the management indicating whether the receivables’ collection has improved or deteriorated over last three years?

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Year 2015 2016 2017 (in Million) Sales 380 440 550 Receivables 80 88 102