A firm's balance sheets for the last two years are as follows: YEAR 20X1 Assets Cash $ 7,000 Liabilities and Equity Accounts payable $ 15,000 Accruals 8,000 Current bank note 9,000 Accounts receivable 29,000 21,000 93,000 Inventory Plant and equipment 77,000 Long-term debt Common stock 20,000 Retained earnings 21,000 $ 150,000 $ 150,000 YEAR 20X2 Assets Cash $ 10,000 Accounts receivable 26,000 21,000 93,000 Inventory Plant and equipment Liabilities and Equity Accounts payable $ 8,000 Accruals 20,000 Current bank note 8,000 Long-term debt 79,000 Common stock 12,000 Retained earnings 23,000 $ 150,000 $ 150,000 Sales in 20X1 were $225,000. Sales in 20X2 were $225,000. 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 turnover deteriorated? Inventory turnover has -Select- d. If the firm earned $4,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places. %