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

YEAR 20X1
Assets				Liabilities and Equity
Cash	$	8,000		Accounts payable	$	14,000
				Accruals		19,000
Accounts receivable		22,000		Current bank note		6,000
Inventory		18,000		Long-term debt		57,000
Plant and equipment		82,000		Common stock		12,000
				Retained earnings		22,000
	$	130,000			$	130,000

YEAR 20X2
Assets				Liabilities and Equity
Cash	$	7,000		Accounts payable	$	11,000
				Accruals		5,000
Accounts receivable		23,000		Current bank note		5,000
Inventory		18,000		Long-term debt		69,000
Plant and equipment		82,000		Common stock		17,000
				Retained earnings		23,000
	$	130,000			$	130,000

Sales in 20X1 were $335,000. Sales in 20X2 were $335,000.

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.

Current ratios:

20x1:

20x2

Quick ratios:

20x1:

20x2:

The firms liquidity position has ______(deteriorated, improved, remained the same)

B. Without doing a calculation, has days sales outstanding (receivables turnover) improved?

Days sale outstanding has _____(deteriorated, improved, remained the same)

C. Without doing a calculation, has inventory turnover deteriorated?

Inventory turnover has _____(deteriorated, improved, remained the same)

D. If the firm earned $7,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places. ___%