A firm's balance sheets for the last two years are as follows: YEAR 20X1 Assets Cash $ 24,000 Accounts receivable Inventory Plant and equipment 15,000 22,000 69,000 Liabilities and Equity Accounts payable $ 10,000 Accruals 6,000 Current bank note 15,000 Long-term debt 64,000 Common stock 12,000 Retained earnings 23,000 $ 130,000 The firm's liquidity position has: Pick one: -Deteriorated -Improved -Remained the Same $ 130,000 YEAR 20X2 Assets Cash $ 22,000 Days sale outsanding has: Pick one: 17,000 Accounts receivable Inventory Plant and equipment Liabilities and Equity Accounts payable $ 8,000 Accruals 17,000 Current bank note 15,000 Long-term debt 50,000 Common stock 16,000 Retained earnings 24,000 $ 130,000 22,000 69,000 -Deteriorated -Improved -Remained the Same $ 130,000 Inventory turnover has: Sales in 20X1 were $195,000. Sales in 20X2 were $195,000. 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. Pick one: Current ratios: 20x1: -Deteriorated -Improved -Remained the Same 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 $5,000 during 20x2, what proportion of those earnings were distributed? Round your answer to two decimal places