Using the provided balance sheet below

Question 8 2.5 pts Compare the amounts of receivables, net on the Balance Sheets for The Toro Company as of October 31, 2017 and October 31, 2018. Based on that comparison, which of the following statements is most accurate? O The Toro Company's sales on account were apparently equal to the cash they collected from customers during the year ended October 31, 2018 O The Toro Company's sales on account were apparently greater than the cash they collected from customers during the year ended October 31, 2018. O The Toro Company's cash collections from customers were apparently greater than sales on account during the year ended October 31, 2018. O The Toro Company experienced a shift away from sales on account during the year ended October 31, 2018. 2018 2017 2018 2017 2016 $ 289,124 $ 310,256 $ 271.939 S 267,717 S 230,994 176008 7055 (9.5881 9848 ROS 183,073 3292 185,128 3.050 193,178 3589 14076 94633 271.459 38,252 335.790 105,649 35.097 1.570,384 428 61,277 12,161 25,255 R59R6 235.230 10.639 10,075 (464) 202 64.083 (10,365) (29,770) (11.744) (17,701) (15,611) 15,75 28,192 (9051 25.816 1,493,787 S S 47.460 361.803 59.859 360,748 10,614 381,285 S THE TORO COMPANY AND SUBSIDIARIES Consolidated Balance Sheets (Dollars in thousands, except per share data) October 31 ASSETS Cash and cash oquivalents Rocciables, net: Customers, net of allowances (2018- $2,28; 2017-$2,147) Othe Total rocciables, net Inventories, net Prepaid expenses and other currentes Trecuentes Property, plant and equipment Act Deferred income taxes Goodwill Other intangible assets, net Others Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Curtumi portion of long term dubi Accounts payable Accrued liabilities: Warranty Adyttist and making program Compensation and benefit costs Insurance laterest OT Total current abilities Luam dcbl, less curri portion Deferred reven Defi ants Other long-term liabilities Stockholders Prclicred stock. par value $1.00 per sbar, authorized 1,000,000 voting ud 50,000 BUE votine shares oned and outanding Common stock, par value $1.00 per share authorized 175.000 shares med and outstanding 105.600.652 sans as wrocluber 31, 2018 and 106,882,972 shares as of October 31, 2017 Retained camings Accumulated or c e luiss Total steckholders'uly Totallibilities and stockholdes y - 256,575 26.258 211.752 THE TORO COMPANY AND SUBSIDIARIES Consolidated Statements of Cash Flows Dollars in thousands) Fiscal Years Ended October 31 Cases un petit activities Nel cas Adjustmcts to reconcile ect earnings to net cash provided by operating activities: Non-cash income from finance affiliate Distributions from finance affiliate, net Provision for depreciation and amortization Stock-based compensation expense Defemed income taxes Other Changes in operating assets and liahilities, net af effect of acquisitions Receivables, net Inventaries, net Prepaid expenses and other assets Accounts paynble, accused liabilities, deferred reverve and other long term liabilities Net cash provided by uporting autivities Cash Llows live investing activities Purses of popully, plant and equipment Proveeds Lomassol disposals Proceeds from sale of a business Investinuals in unconsolidated entities Acquisitions, Holland Nel cas used investing activities Cash flow from financing activities Short-term debt repayments, net Payunculs on u n debt Propuls Lon exces of stock options Payments of withbolding taxes or Neckwards Purchases of Tore common stock Dividends paid on Tore common stock No cal used in ing activities Effect of exchange rates on cash and cash equivalents Net (decrease increase in cash and chequivalent Cash and cash equivalents as of the beginning of the fiscal period Cash and cash equivalents as of the end of the fiscal period Supplemental discloses of cach w information Cash paid during the fiscal year for (50,723) (90,124 151 (58,276) 199 310 1.500 16,701 (31.2021 (127,925) (1500) (24,181) (83,758) (48,913) 76,214 89,450 50.850 7.909 7.149 44388 532.633 312.549 24,909 1.397 30.57% 74.155 85,934 58,576 6,887 7.542 50,692 $21.796 305.629 24.761 1.726 22,783 10.274 17.243 14.0951 160,455) (85,031) (252.075 15.937 (21.112 310.256 289,121 S 11.161) (24.102 20.326 12,015) (109.986) (65. (182,931) 5.161) 147,280 26 275 273.555 (159,354) (75,758) (245.268) .979 16.701 273555 320.256 5 4 5 105,601 587.252 (23.937) 16 1570584 S 106883 534.329 (24.1201 617032 1493.787 S $ $ 19,979 $ 75,05 $ 19,457 $ OST $ 19,883 82,225 Incontres The show the The financie r ownici S