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A firm's balance sheets for the last two years are as follows: Sales in 201 were $290,000. Sales in zuxz were $2y0, vuu. iales in
A firm's balance sheets for the last two years are as follows: Sales in 201 were $290,000. Sales in zuxz were $2y0, vuu. iales in 201 were $290,000. Sales in 202 were $290,000. 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: 202 Quick ratios: 20x1: 202 : 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 inventery turnover deteriorated? inventory turnover has d. If the firm earned 55,000 during 202, what proportion of those earnings were distributed? Round your answer to two decimal places
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