Oral Roberts Dental Supplies has annual sales of $5,200,000. Ninety percent are on credit. The firm has $559,000 in accounts receivable. The value of the average collection period is 43 days. True False Question 2 ( 0.4 points) City Farm Insurance has collection centers alcross the country to speed up collections. The company also makes its disbursements from remote disbursement centers. The collection time has been reduced by two days and disbursement time increased by one day because of these policies. Excess funds are being invested in short-term instruments yielding 9 percent per annum. If, City has $5,000,000 per day in collections and $3,000,000 per day in disbursements, the interest on freed-up cash is $1,560,000 True False Question 3 ( 0.4 points) Knight Roundtable Co, has annual credit sales of $1,080,000 and an average collection period of 32 days in 2022. Assume a 360 -day year. Average accounts receivables are $33,750. True False