A firms balance sheets for the last two years are as follows:

YEAR 20X1
Assets				Liabilities and Equity
Cash	$	7,000		Accounts payable	$	9,000
				Accruals		9,000
Accounts receivable		11,000		Current bank note		15,000
Inventory		15,000		Long-term debt		9,000
Plant and equipment		47,000		Common stock		14,000
				Retained earnings		24,000
	$	80,000			$	80,000

YEAR 20X2
Assets				Liabilities and Equity
Cash	$	5,000		Accounts payable	$	11,000
				Accruals		20,000
Accounts receivable		13,000		Current bank note		6,000
Inventory		15,000		Long-term debt		6,000
Plant and equipment		47,000		Common stock		11,000
				Retained earnings		26,000
	$	80,000			$	80,000

Sales in 20X1 were $320,000. Sales in 20X2 were $320,000.

Current ratios:

20x1:

20x2:

Quick ratios:

20x1:

20x2:

The firms liquidity position has -Select-deterioratedimprovedremained the sameItem 5 .

Days sale outstanding has -Select-deterioratedimprovedremained the sameItem 6 .

Inventory turnover has -Select-deterioratedimprovedremained the sameItem 7 .

%

1. Based solely on the current ratio and the quick ratio, has the firms liquidity position deteriorated or improved? Round your answers to two decimal places.
2. Without doing a calculation, has days sales outstanding (receivables turnover) improved?
3. Without doing a calculation, has inventory turnover deteriorated?
4. If the firm earned $6,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places.