2012 2011 2010 K Sales Cost of goods sold Operating expenses $ 44,000 $ 29,300 $ 23,200 24,000 15,000 12,000 7,000 6,000 5,000 Interest expense 1,000 300 _200 Net income $ 12,000 $ 8,000 $ 6,000 Accounts receivable 5,000 1.000. 2,000 Inventory 9,000 5,000 3,000 Accounts payable 6,000 4,500 3,500 Refer to the Acme annual report above. Which of the following statements is TRUE about the accounts receivable turnover ratios for 2011 and 2012? OA. The ratio is lower in 2012. This means management is doing a better job of collecting accounts receivable in 2012. OB. The ratio is lower in 2012. This means management is doing a worse job of collecting accounts receivable in 2012. OC. The ratio is higher in 2012. This means management is doing a worse job of collecting accounts receivable in 2012. D. The ratio is higher in 2012. This means management is doing a better job of collecting accounts receivable in 2012.