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Selected financial information about Vijay Merchant Company is given below: In 20X1, the company had receivables of 2,500 and inventories of 000. Required a) Compute

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Selected financial information about Vijay Merchant Company is given below: In 20X1, the company had receivables of 2,500 and inventories of 000. Required a) Compute the current ratio, quick ratio, average collection period, and inventory turnover for 20X1 and 20X2. b) State whether there is a favourable or unfavourable change in liquidity from 20X1 to 202

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