Mary Gonzales is evaluating companies in the office supply industry and has compiled the following information:

		20X1					20X2
Company		Credit Sales		Average Receivables Balance			Credit Sales		Average Receivables Balance
A		$6.60 million		$1.35 million			$7.92 million		$1.62 million
B		$3.96 million		$1.71 million			$5.28 million		$1.93 million
C		$3.30 million		$1.00 million			$3.96 million		$1.27 million
D		$0.66 million		$0.13 million			$0.79 million		$0.25 million
Industry		$33.00 million		$6.31 million			$36.96 million		$6.83 million

The industry average receivables collection period:

Did not change from 20X1 to 20X2.

Increased from 20X1 to 20X2.

Decreased from 20X1 to 20X2.

Increased along with the increase in the industry accounts receivable turnover.