Yuen Corporation shows the following financial position and results for the three years ended December 31, 2020, 2021, and 2022 (in thousands): 

For each year, calculate the current ratio, quick ratio, and for 2021 and 2022, calculate the days payables outstanding ratio. Comment on your results.

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2022 2021 2020 Cash $ 650 $ 700 $ 600 FV-NI investments 500 500 500 Accounts receivable 900 1,000 1,300 Inventory 4,900 4,600 4,000 Prepaid expenses 1,300 1,000 900 Total current assets $ 8,250 $ 7,800 $ 7,300 Accounts payable $ 1,550 $ 1,700 $ 1,750 Accrued liabilities 2,250 2,000 1,900 Total current liabilities $ 3,800 $ 3,700 $ 3,650 Cost of goods sold $15,000 $18,000 $17,000