The days to collect receivables increased from 32 days last year to 48 days this year. Which of the following statements is correct? Multiple Choice The receivables turnover rate decreased from approximately 114 to 76 from last year to this year The receivables turnover rate must have increased from last year to this year The company is likely to see its Bad Debt Expense de The company is becoming more efficient at collecting payment A low accounts receivable turnover ratio indicates: Multiple Choice a large proportion of the company's sales are on credit the company is taking longer to sell Inventory. the company's sales are increasing customers are making payments slowly