Multiple Select Question

Select all that apply

The following annual account balances are taken from ABC Co at year end.

	Current Year	1 Year Ago
Accounts Receivable	$49,500	$48,000
Net Sales	$580,000	$535,000
Days Sales Uncollected	31.15 days	32.74 days

Select the statements below that are correct regarding ABC Co.'s ability to collect its receivables from customers.

Multiple select question.

ABC Co. is shortening the amount of time that money is tied up in receivables.

ABC Co. took approximately 31 days to collect cash from its credit customers in the current year.

ABC Co. has shortened the amount of time it takes to collect receivables from customers.

ABC Co. has increased the amount of time it takes to collect receivables from customers.