The industry average receivables collection period:
a. Increased from 2016 to 2017.
b. Decreased from 2016 to 2017.
c. Did not change from 2016 to 2017.
d. Increased along with the increase in the industry accounts receivable turnover.

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

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2016 2017 Average Receivables Balance $1.2 million $1.5 million Average Receivables Credit Credit Company Sales $ 5.0 million $ 3.0 million $ 2.5 million $ 0.5 million $25.0 million Balance $1.0 million $1.2 million $0.8 million $0.1 million Sales $ 6.0 million $ 4.0 million $ 3.0 million $ 0.6 million $28.0 million $1.0 million D $0.2 million $5.0 million $5.4 million Industry