The auditor notes the following changes in ratios:

From just this information, the auditor should conclude all of the following about fraud risk except:
a. Inventory has declined in quality because of the emphasis on increased sales.
b. Accounts receivable growth may be caused by increased sales.
c. Accounts receivable is older and may be less collectible.
d. Revenue growth likely includes contracts that have deferred payment terms.
e. The data would support a hypothesis of fictitious sales near year-end.

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Current Last Year Inventory Turnover 7.3 4.2 Accounts Receivable Turnover 2.8 7.3 Revenue Growth 15% 8%