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

In 20x2, the year-end balances for Accounts Receivable and Inventory were $16,200 and $25,600, respectively. Accounts Payable was $15,300 in 20x2 and is the only current lia- bility. Compute the current ratio, quick ratio, receivable turnover, average days' sales uncollected, inventory turnover, average days' inventory on hand, payables turnover, and average 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 20x3 to 20x4. L01

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20x4 20x3 Cash Marketable securities Accounts receivable (net) Inventory Total current assets $ 6,800 $ 5,200 3,600 22,400 8,600 17,800 27,200 24,800 $ 60,000 $ 56,400 Accounts payable $ 20,000 $ 14,100 Net sales Cost of goods sold $161,280 108,800 Gross margin $ 52,480 $110,360 101,680 $ 8,680