h of the follow X Use the following in X C Sign Up for Chegg x suny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_133272_1&course_id=_162448_1&content_id=_3874745_1&s... y! Which of the follow X Remaining Time: 1 hour, 06 minutes, 41 seconds. * Question Completion Status: QUESTION 21 (1) WhatsApp 41X In 2017, Lebron James Company had net credit sales of $923,795 for the year. It had a beginning accounts receivable (net) balance of $38,275 and an ending accounts receivable (net) balance of $35,988. Which of the following statement is false? Accounts receivable turnover is 24.9 times O The longer (higher value) of the average collection period, the less liquid the accounts receivable. Average collection period in days is 14.7 days O The higher the accounts receivable turnover, the less liquid the accounts receivable. QUESTION 22 + Michael, owner of Linen Michael Fabrics, asks you to explain how she should treat the following reconciling items when reconciling the company's bank account: (1) a debit memorandum for an NSF check. (2) a credit memorandum for an electronic funds transfer on account from a customer, (3) 3.334 points Saved 3.334 points Saved