Timberland reported a receivables turnover ratio of 11.8 and their competitor, Wolverine World Wide, reported a ratio of 4.2. Which of the following is FALSE? (Hint: Receivables Turnover Ratio = Net Sales / Average Net Accounts Receivable.)

		Wolverine needs to increase their ratio in order to improve collection time.
		Wolverine needs to focus on improving their credit and collection process.
		Wolverine has done a better job of collecting their receivables than Timberland.
		Timberland appears to be collecting their receivables in a reasonable period of time.