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The current portion of a company's balance sheets for the past three years are as follows: 20Y1 20Y2 20Y3 $ 66 Cash $ 100 $123

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The current portion of a company's balance sheets for the past three years are as follows: 20Y1 20Y2 20Y3 $ 66 Cash $ 100 $123 Accounts receivabie 240 303 376 Inventory 417 461 547 Other current assels 117 $ 874 70 107 Total current assets $ 957 $1,096 $0 $5 S 101 Notes payable Current porton LTD 67 67 67 Accounts payable 204 14 244 57 64 69 Accrued expenses Other current labiltes 28 46 $319 Total current liabilities $ 368 $ 527 Which of the following best describes the company's liquidity over the past three years? Liquidity indicators showed improvement as evidenced by lower current and quick ratios in 20Y3. OLiquidity indicators deterlorated in each of the three years as evidenced by the consecutive increases in both the current and quick ratios. Liquidity indicators were relatively stable from 20Y1 to 20Y2 but then deterlorated in 20Y3 when both the current and quick ratios declined Liquidity indicators were mixed with the quick ratio improving and the current ratio declining over the three year perlod

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