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Vaststrom Company had the following data for the year. Accounts receivable, beginning of year............. $150,000 Allowance for bad debts, beginning of year.............. 30,000 Cash collected

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Vaststrom Company had the following data for the year. Accounts receivable, beginning of year............. $150,000 Allowance for bad debts, beginning of year.............. 30,000 Cash collected from credit customers............. .830,000 Credit sales for the year... ......... 868,000 Accounts receivable, end of year.. 180,000 Allowance for bad debts, end of year.. 53,000 Given these data, which ONE of the following statements is true with respect to the creditworthiness of the credit customers of Vaststrom Company? The average creditworthiness of the credit customers IMPROVED during the year. In other words, the quality of the accounts receivable IMPROVED during the year. These data do not allow us to draw ANY conclusions about the average creditworthiness of the Vaststrom Company credit customers. The average creditworthiness of the credit customers DECLINED during the year in other words, the quality of the accounts receivable DECLINED during the year. The average creditworthiness of the credit customers STAYED THE SAME during the year. In other words, the quality of the accounts receivable STAYED THE SAME during the year

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