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25Toms Company Theta's financial statements bring up the following ratios: 20X1 20x0 Inventory turnover 39 days 31 days Credit given 74 days 52 days Credit

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25Toms Company Theta's financial statements bring up the following ratios: 20X1 20x0 Inventory turnover 39 days 31 days Credit given 74 days 52 days Credit obtained 31 days 44 days Current ratio 1.19 1.60 Which of the following comments on Theta's financial situation is correct? Theta's liquidity position is worsening in 20x1. Theta is collecting cash from customers more quickly in 20x1 than in 20x0 Theta's working capital and liquidity is getting better in 20x1 Theta is taking longer to pay suppliers in 20x1 than in 20x0

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