A m's balance sheets for the last two years are as follows: YEAR 20X1 Assets Liabilities and Equity Cash $ 19,000 Accounts payable $ 11,000 Accruali 13,000 Accounts receivable 14,000 Current bank note 10,000 Inventory 20,000 Long-term debt 66,000 Plant and equipment 87,000 Common stock 17,000 Retained earnings 23,000 $140,000 $140,000 YEAR 20x2 Assets Liabilities and Equity Cash $ 17,000 Accounts payable $ 15,000 Accruals 15,000 Accounts receivable 16,000 Current bank note 11,000 Inventory 20,000 Long-term debt 52,000 Plant and equipment 87,000 Common stock 20,000 Retained earnings 27,000 $140,000 $140,000 Sales in 20x1 were $365,000. Sales in 20x2 were $365,000 Based solely on the current ratio and the quick ratio, has the firm's quidity position deteriorated or improved? Round your answers to two decimal places Current ratios: 2011 2002 Quick ratios 2011 20x2 The firm's liquidity position has it 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 $7,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places