The QRS Corporation has done an analysis on its Days Sales Outstanding (DSO) and has found that the DSO has increased significantly in the last 3 years. What conclusion CANNOT be drawn about the QRS Corporation from the increase? Select one: a. Sales at QRS have been declining over the last few years. b. Both sales and receivables have increased in the last few years but the level of sales has increased more rapidly than the level of receivables. c. Clients at QRS have had an increase in credit terms allowing the customers to pay more slowly for goods purchased. d. Both sales and receivables have decreased in the last few years but the level of sales has decreased more rapidly than the level of receivables.

e. None of the above.