Data from Sanchez Stores, Inc. shows the following information. A large proportion of company sales are to end consumers like you who pay with cash (cash, credit cards, debit cards). As an external analyst, the ratios were computed using Net Sales, rather than credit sales. Interpret performance-- The efficiency and effectiveness of the credit and collection function as compared to the prior year is:

	Current Year	Prior Year
Accounts Receivable Turnover	45.6	35
# of Days Sales in Receivables	8	10.4
Credit Terms	30	30

	a.	Better: receivables are collected faster and within the credit terms period
	b.	Accounts receivables turnover higher than credit terms is a problem.
	c.	Worse: receivables are collected slower, but still within the credit terms period
	d.	Cash sales have absolutely no influence on the results.
	e.	Not determinable based on information provided.