Hornish Co. had net sales of $5,265 million and accounts receivable of $225 million. If the industry average is 12 days, which of the following statements is most likely true? O a. The company's days' sales uncollected of 15.6 is unfavourable compared to the industry average O b. The company's days' sales uncollected of 15.6 is favourable compared to the industry average 0 . The company's days' sales uncollected of 15.6 indicates that it is using its assets more efficiently than its competitors O d. The company's days' sales uncollected of 15.6 indicates that it has less cash tied up in receivables than its competitors O e. None of these choices are correct

inty true? a. The company's days sales uncollected of 156 is unfavourable compared to the industry average b. The company's days sales uncollected of 15.6 is favourable compared to the industry average C. The eompany's days' sales uncolfected of 15.6 indicates that it is using its assets more efficiently than its competitors d. The company's days' sales uncollected of 15.6 indicates that it has less cash tied up in recelvables than its competitors e. None of these choices are correct