A firm's balance sheets for the last two years are as follows: YEAR 20X1 Assets Cash $ 8,000 Accounts receivable Llabilities and Equity Accounts payable $ 10,000 Accruals 12,000 Current bank note 8,000 Long-term debt 32,000 Common stock 20,000 Retained earnings 18,000 $ 100,000 18,000 25,000 49,000 Inventory Plant and equipment $ 100,000 YEAR 20X2 Assets Cash $ 12,000 Accounts receivable Liabilities and Equlty Accounts payable $ 13,000 Accruals 17,000 Current bank note 11,000 Long-term debt 25,000 Common stock 13,000 Retained earnings 21,000 $ 100,000 14,000 25,000 49,000 Inventory Plant and equipment $ 100,000 Sales in 20X1 were $370,000. Sales in 20X2 were $370,000. sianmontrain dontal Sales in 20X1 were $370,000. Sales in 20X2 were $370,000. a. Based solely on the current ratio and the quick ratio, has the firm's liquidity position deteriorated or Improved? Round your answers to two decimal places. Current ratios: 20x1: 20x2: Quick ratios: 20x1: 20x2: The firm's liquidity position has -Select- b. Without doing a calculation, has days sales outstanding (receivables turnover) improved? Days sale outstanding has -Select- c. Without doing a calculation, has inventory tumover deteriorated? Inventory turnover has -Select- d. If the firm earned $6,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places. %