The company Quicksilver has the following abbreviated Income Statement and Balance Sheet:

Net sales 1.000.000
COGS 500.000
Operating Expenses 20.000
Income tax 72.000
Net Income 408.000

BALANCE SHEET 

                                         Begining : Ending 

ASSETS
Inventories                      52.989 : 47.690
Accounts Receivable     31.649 : 28.484
Net Fixed Assets           100.000 : 90.000
Total Assets                   184.638 : 166.174
Liabilities & Shareholder´s Equity

• Accounts Payable             31.313 : 28.182
  Equity                                  153.325 : 137.993
  Total Liabilities              

& Shareholder´s Equity     184.638 : 166.174               

Calculate operating and Cash Cycles.
Is the company improving it´s short term financial position from the perspective of the shareholder´s?
Explain in detail.