Partial comparative balance sheet and income statement information for Allen Company is as follows:

In 20x7, the year-end balances for Accounts Receivable and Inventory were $32,400 and $51,200, respectively. Accounts Payable was $30,600 in 20x7 and is the only current liability. Compute the current ratio, quick ratio, receivable turnover, days' sales uncollected, inventory turnover, days' inventory on hand, payables turnover, and days' payable for each year. (Round computations to one decimal place.) Comment on the change in the company's liquidity position, including its operating cycle and required days of financing from 20x8 to 20x9.

20x9 20x8 Cash Marketable securities S 13,600 10,400 17,200 Accounts receivable (net)44,800 35,600 7,200 49,600 120,000 $112,800 $ 40,000 28,200 322,560 $220,720 203,360 $104,960 17,360 54,400 Inventony Total current assets Accounts payable Net sales Cost of goods sold Gross margin 217,600