Carnes Company has calculated the following ratios for the current year and prior year as part of the companys assessment of accounts receivable management: Current Prior Year Year Average Collection Period 45 days 48 days Days sales in accounts receivable 60 days 55 days Accounts receivable turnover 8 times 6 times Based on this information, which of the following statements is most accurate.

Group of answer choices

The change in average collection period compared to the previous year indicates an improvement in accounts receivable management.

The change in accounts receivable turnover compared to the previous year can be an indicator of a reduction in performance of accounts receivable management.

The change in days sales in accounts receivable compared to the previous year can be an indicator of an improvement in performance of accounts receivable management.