Lack of Focus photography studio has an Average Collection Period of 35 . Assuming they invoice their clients as 1/10, n/30, and their main competitor's Average Collection Period is 25 , what does this ratio tell the business? All of these answers are correct Their competitor collects their receivables more quickly Clients are paying about 5 days late The company may be a bit lax in their collection efforts It takes the company about 35 days to collect the money its owed