Question $13$

Ally Corp's days sales in receivables is $35.$ The industry average days sales in receivables is $41.$ Which of the following is CORRECT?

a$.$ Other firms in the industry collect sales at a much faster rate than the firm.

b$.$ The firm sells its entire inventory every $35$ days.

c$.$ The firm is not as effective as an average firm in the industry in managing its assets.

d$.$ It takes an average of $35$ days for the firm to collect cash from its sales.