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Select the statements below that are correct regarding ABC Co.'s ability to collect its receivables...

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Accounting

Select the statements below that are correct regarding ABC Co.'s ability to collect its receivables from customers.
ABC Co. has shortened the amount of time it takes to collect receivables from customers from 1 year ago to the current year.
ABC Co. took approximately 31 days to collect cash from its credit customers in the current year.
ABC Co. has shortened the amount of time that money is tied up in receivables from 1 year ago.
ABC Co. has increased the amount of time it takes to collect receivables from customers from 1 year ago.
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