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The industry average number of days to collect accounts receivable is 35. ABC Company has Sales of $2,400,000 and an average Accounts Receivable balance of

The industry average number of days to collect accounts receivable is 35. ABC Company has Sales of $2,400,000 and an average Accounts Receivable balance of $250,000. What conclusions, if any, can be reached regarding ABC's handling of their receivables based on this information?

a.

ABC is collecting their receivables better than the industry average.

b.

ABC is collecting their receivables worse than the industry average.

c.

ABC is collecting their receivables at about the same as the industry average.

d.

Not enough information to draw a conclusion.

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