The current portion of a company's balance sheets for the past three years are as follows:

	20Y1	20Y2	20Y3
Cash	$ 97	$ 154	$110
Accounts receivable	885	770	785
Inventory	1,020	902	1,075
Other current assets	23	44	40
Total current assets	$ 2,025	$ 1,870	$ 2,010
Notes payable	490	486	592
Current portion LTD	68	66	62
Accounts payable	551	528	473
Accrued expenses	155	143	136
Other current liabilities	117	99	91
Total current liabilities	$ 1,381	$ 1,322	$ 1,354

Which of the following best describes the company's liquidity over the past three years?

The companys liquidity indicators remained relatively stable over the three year period. The companys liquidity indicators were mixed as the quick ratio improved but the current ratio declined over the three year period. The companys current ratio and quick ratio improved over the three year period indicating strong liquidity. The companys working capital position and quick ratio declined to their lowest points in 20Y3 indicating weakening liquidity.