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 favourable compared to the industry average O b. The company's days' sales uncollected of 15.6 indicates that it is using its assets more efficiently than its competitors O C. None of these choices are correct 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. The company's days' sales uncollected of 15.6 is unfavourable compared to the industry average

Hornish Ca0 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? d. The company's days' sales uncollected of 15.6 is favourable compared to the industry average b. The company's days' sales uncollected of 15.6 indicates that it is using its assets more efficiently than its competitors c. None of these choices are correct d. The company's days' sales uncollected of 15.6 indicates that it has less cash tied up in receivables than its competitors e. The company's days' sales uncollected of 15.6 is unfavourable compared to the industry average