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The Balance Sheet and Income Statement information for Night Train, Inc for the last two years is presented below. You are a financial manager attempting

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The Balance Sheet and Income Statement information for Night Train, Inc for the last two years is presented below. You are a financial manager attempting to identify initial red flags, strengths and weaknesses from just the information below. Which statement best describes the Average Collection Policy (ACP) going from 2019 to 2020 if all Sales are credit sales and credit terms are n/30 ? customers are taking about 9 days longer on average to pay their bills ACP has improved from 11.0 to 8.7 times customers are paying their bills 9 days quicker due to effective asset management ACP is a strong 29 days given the credit terms of n/30 the ACP of 712 in 2019 is 41 days better than the 753 in 2020

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