A firm's balance sheets for the last two years are as follows: YEAR 20X1 Assets Cash $ 25,000 Accounts receivable Inventory Plant and equipment 25,000 20,000 30,000 Liabilities and Equity Accounts payable $ 12,000 Accruals 7,000 Current bank note 13,000 Long-term debt 37,000 Common stock 13,000 Retained earnings 18,000 $ 100,000 $ 100,000 YEAR 20X2 Assets Cash $ 24,000 Accounts receivable Inventory Plant and equipment 26,000 20,000 30,000 Liabilities and Equity Accounts payable $ 12,000 Accruals 16,000 Current bank note 9,000 Long-term debt 22,000 Common stock 19,000 Retained earnings 22,000 $ 100,000 $ 100,000 Sales in 20X1 were $230,000. Sales in 20X2 were $230,000. 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: Sales in 20x1 were $230,000. Sales in 20x2 were $230,000. 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 $5,000 during 20x2, what proportion of those earnings were distributed? Round your answer to two decimal places