11:52 AM 83% bux.bracu.ac.bd B) Trends Co. is a well-established company that sells office equipment. The company extends a 60 days credit terms to its customers. At the same time, it has a 40 days credit term with its suppliers. Currently the company wants to analyze its comparative positions with the industry and one of its close competitors (Clara Co.), with regard to its management of its receivables and payables. Following are the average collection period and Average payment period of Trends, Clara and the Industry: Ratios Industry Average Trends Clara Co. Co. 65 days 73 days 52 days Average Collection Period Average Payment Period 35 days 31 day 40 days a. Based on the information provided, Comment on the company's average collection period ratio. (2 Marks) 11:52 AM 83% bux.bracu.ac.bd credit term with its suppliers. Currently the company wants to analyze its comparative positions with the industry and one of its close competitors (Clara Co.), with regard to its management of its receivables and payables. Following are the Average collection period and Average payment period of Trends, Clara and the Industry: Ratios Trends Clara Co. Co. Industry Average 52 days 65 days 73 days Average Collection Period Average Payment Period 35 days 31 day 40 days a. Based on the information provided, Comment on the company's average collection period ratio. (2 Marks) b. Based on the information provided, Comment on the company's average payment period. (2 Marks)