Sales Gross Profit Receivables Inventory Payables 2019 KD M 2018 KD M 750 620 294 242 73 54 85 68 65 55 Which of these statements is/are correct for the above company? I The Payables Collection Period for 2019 was 52 days. II An increase in the Payables Collection Period will improve the company's liquidity. Select one: O a. Both (1) and (1) are correct. O b. Both (1) and (II) are incorrect. Oc. Only II is correct. d. Only I is correct. Clear my choice