* Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question. Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets 2018 $ 22,000 42,000 22,000 23.000 $109.000 2017 $ 14,000 16,000 83,000 18.000 $131,000 Total current liabilities Net credit sales Cost of goods sold Net cash flow from operating activities $ 65,000 221,000 168,000 16,000 $ 72,000 326,000 299,000 29,000 Refer to the data for Pinecrest Company Competitors in Pinecrest Company's industry have an average accounts receivable turnover of 10.8 times, Pinecrest reported accounts receivable at December 31, 2018, of $42,000 and has normal credit terms requiring payment within 30 days. Pinecrest's accounts receivable turnover for 2018 is Oa less than the Industry, which means that its customers are paying on their accounts in a more timely manner than are customers reflected by the Industry average Ob less efficient in its collection policies in 2018 than the industry as a whole. Oc of no value to bankers and other creditors Od. Indicating that the company probably has stricter credit terms and policies than the industry as a whole, which may repel potential buyers