The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 BIU T T I !!! 2025 $ 550,000 4,300,000 111 4 (b2) What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover anc average collection period. At the end of 2023, accounts receivable (net) was $520,000. 2024 lad Im $540,000 4,000,000 bl E3 99 E 4 0