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A firm's balance sheets for the last two years are as follows: Sales in 201 were $385,000. Sales in 202 were $385,000. ales in 201
A firm's balance sheets for the last two years are as follows: Sales in 201 were $385,000. Sales in 202 were $385,000. ales in 201 were $385,000. Sales in 202 were $385,000. 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: 201 202 : Quick ratios: 201 : 20x2: The firm's liquidity position has b. Without doing a calculation, has days sales outstanding (receivables turnover) improved? Days sale outstanding has c. Without doing a calculation, has inventory turnover deteriorated? Inventory turnover has d. If the firm earned $4,000 during 202, what proportion of those earnings were distributed? Round your answer to two decimal places. %
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