Which of the following statements regarding Accounts receivable turnever ratio (Ner cret soles Avrage net accounts receivoble) and Average collection period( 365 days Accounts receivable turnovert is cerrect " a company has strict credit policy, accounts receivable turnover ratio would be high and average collection penod would be long ofa company has strict credit pokcy,accounes recevableturnover ratio would be high, but average colection period would be short ifa company has strict credit policy, accounts recei able turnover ratio would be low and average colection period would be short. o if a company has strict credit policy, accounts receivable turnover ratio would be low and average coflection period would be long