The Sanchez Company reported the following: Year 3 Year 2 Year 1 Revenue 28,000 26,000 32,000 28,400 25,600 2,920 22,500 3,500 3,200 3,508 2,289 3,416 Cost of goods sold Cash Net income Accounts receivable Notes payable Inventory 640 710 600 21,000 19,000 18,000 1,700 2,020 1,800 Tax expense 30 40 20 Equipment 18,800 19,400 20,000 Interest expense 62 71 64 Accounts payable 1,200 900 1,000 for The company's average collection period i v[ Select ] 7.7 7.4 year 2 and is [Select ] 8.2 8.5 7.9 The Sanchez Company reported the following: Year 3 Year 2 Year 1 Revenue 28,000 26,000 32,000 28,400 25,600 22,500 Cost of goods sold Cash 3,200 2,920 3,500 Net income 3,508 2,289 3,416 640 710 600 Accounts receivable Notes payable Inventory 21,000 19,000 18,000 1,700 2,020 1,800 30 40 20 18,800 20,000 Tax expense Equipment Interest expense Accounts payable 19,400 71 62 64 1,200 900 1,000 The company's average collection period is (Select ] for over the years available. year 2 and i v [ Select ] improving worsening