ABC Corporation is a recently formed business selling the World's Best Doormat. The corporation is selling doormats faster than ABC can make them. It has been selling the product on a credit basis, telling customers to pay when they can. Oddly, even though sales are tremendous, the company is having trouble paying its bills. Discuss (a) What steps should be taken to improve the company's ability to pay its bills? (b) If the corporation is still unable to pay its bills, what additional steps can be taken with its receivables to ease its liquidity problems?