AN Bailey Corp. significantly reduced its requirements for credit sales. As a result , sales during the current year increased dramatically. It had receivables at the beginning of the year of \$38,000 and ending receivables of $ 191,000. Credit sales were $380,000. Determine cash flows and evaluate quality of earnings Instructions a. Determine cash collections during the period. b. Discuss how your findings in part (a ) would affect Bailey Corp.'s quality of earnings ratio . (Do not compute .) c. What concerns might you have regarding Bailey's accounting?