ccessibility 2020 2019 ASSETS CASH AND MARKETABLE SECURITIES ACCOUNTS RECEIVABLE NVENTORIES GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION 28,500 116,000 145,000 CURRENT ASSETS 289,500 362,000 130.000 NET FIXED ASSETS 232.000 TOTAL ASSETS521,500 25,000 100,000 125,000 250,000 350,000 100,000 250 000 500,000 LIABIUTIES AND EQUITY ACCOUNTS PAYABLE 90.100 ACCRURALS 34,500 NOTES PAYABLE 25.500 CURRENT LAIBILITIES 150,200 LONG TERM DEBT 145,000 TOTAL LIABILITIES 295,200 COMMON STOCK $1.00 par) 150,000 RETAINED EARNINGS 76300 TOTAL OWNER'S EQUITY 226,300 78,000 30,000 34,000 142.000 140,000 282,000 150,000 68,000 218.000 TOTAL ABILITIES AND EQUITY 521,500 500,000 INCOME STATEMENT 2020 2019 a 815,000 522.000 293.000 174,200 700,000 450.000 250,000 151,000 118.800 29.000 NET REVENUES & SALES 100,000 UNITS COST OF GOODS SOLD GROSS PROFIT FIXED OPERATING EXPENSES (pre depreciation) EBITDA Earnings before Intrest. Taxes. Deprication & Amoritization EPRECIATION EXPENSE OPERATING INCOME (EBIT) INTEREST INCOME BEFORE TAXES (EBT) INCOME TAXES (40%) NET INCOME div Retained Earnings NUMBER OF SHARES OUTSTANDING O 30,000 88,800 14.500 22 74,300 29720 44,580 30,742 13,838 50,000 25,000 19,000 74,000 14.000 A 60,000 24,000 36,000 20,520 15,480 50,000 In 2020, is the firm more or less liquid than it was in 2019? What is the firm's liquidity position if we don't consider their least liquid asset? How long did it take the company to pay their suppliers in 2020? How much could the company save if they company reduced its Inventory conversion period (DSI) to 90 DAYS