Question $(12)$QuestionStatusClick the Case Link displayed above the question and use the Pete's Nursery, Inc. information provided in Parts A and B of the case to answer this question:KIf Pete's projection were to show $20$X$8$ year$-$end accounts receivable as $$393,000$ or $33\mathrm{.}5$ days on hand, would that figure seem reasonable to you? a$.$ Yes, it seems reasonable for this kind of business.K$10\mathrm{.}11.$ b$.$ Yes, although the figure represents a shorter collection period than the company's average in recent years, there is no reason to believe Pete's could not achieve it$.$c$.$ No$,$ the figure is too high. Given the increased demand for Pete's product line, accounts receivable should turn over faster thanthat.d$.$ No$,$ the figure is too low. The collection period has consistently been longer than that, and there is nothing in the case to indicate that the company is making a concerted effort to shorten it$.$