A firm shows its working capital accounts as of the end of 2019 and 2020. Revenue for 2019 and 2020 was $8,200,000 and $7,700,000, respectively. Cost of goods sold for 2019 and 2020 was $3,950,00o and $4,500,000, respectively. Accounts receivable was $635,000 and $525,000, respectively. Assume in general 82% of sales are made on credit, was days sales outstanding in accounts receivable (DSO) reduced in 2020?

A. Cannot be determined with this information

B. No, it increased by about 4 days.

C. Yes, it reduced by about 3 days.

D. No, it increased by about 3 days.

E. Yes, it reduced by about 4 days.