What Is the Most Likely Reason for a Company to Have

Multiple Choice

What is the most likely reason for a company to have an increase in average collection period?

A) The company has incurred additional marketing expenses to attract customers.
B) Customers are paying in a timelier manner.
C) The company has tightened its credit policies for its customers.
D) The company has become more lenient in its credit policies and is extending credit terms to maintain customers.