The below data are taken partially from NiceFam, Pty, Ltd's comparative balance sheet at the end of FY 2021. The company director planned to expand and apply for a loan from the bank and asked for your help in analysing the company's current liquidity. She particularly expressed her concern about the length of collecting cash from customers' receivables in 2021. 30 June 30 June Horizontal Assets: 2021 2020 Analysis Current assets: Cash $22,200 $73,000 -70% Accounts receivable 105,000 60,000 75% Inventory 47,000 14,000 236% Supplies 23,000 21,000 10% Total current assets $197,2003168,000 17% Current liabilities: Accounts payable $26,000 $9,000 189% Interest payable 1,000 1,000 0% Current portion of longterm debt 15,000 0 Income tax payable 37,000 46,000 -20% Total current liabilities $79,000 56,000 41% Additional information: Sales revenue are all on credit $950,000 and $775,000 for 2021 and 2020 respectively. The 2019 ending balance of accounts receivable was $37,000