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d. If the firm earned $6,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places. A firm's balance
d. If the firm earned $6,000 during 20X2, what proportion of those earnings were distributed? Round your answer to two decimal places.
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 11,000 17,000 77,000 Liabilities and Equity Accounts payable $ 15,000 Accruals 15,000 Current bank note 9,000 Long-term debt 52,000 Common stock 16,000 Retained earnings 23,000 $ 130,000 $ 130,000 YEAR 20X2 Assets Cash $ 23,000 Accounts receivable Inventory Plant and equipment 5,000 Liabilities and Equity Accounts payable $ 15,000 Accruals 11,000 Current bank note Long-term debt 65,000 Common stock 10,000 Retained earnings 24,000 $ 130,000 13,000 17,000 77,000 $ 130,000 Sales in 20X1 were $385,000. Sales in 20X2 were $385,000. 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
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