The following information comes from the accounting records of Pharoah Ltd. for the first three years of its existence 2022 2023 2024 Current ratio :1 :1 Quick ratio :1 :1 A/R turnover times times Average collection period days days Inventory turnover times times Days to sell inventory days days Long-term debt Common shares Retained earnings Statement of Earnings Sales Cost of goods sold Other expenses Income tax Net income 240,500 293,700 606,000 632,000 632,000 632,000 45,900$1,040,400 42,000$1,052,20031,500 $501,500 $578,500 $802,500 (295,885) (404,950) (545,700) 119,115(86,500)43,550(130,000)55,300(201,500) (27,635)$91,480 \begin{tabular}{l} $30,969(12,581) \\ \hline \end{tabular} Based on the above information, analyze the changes in the company's profitability and liquidity, in addition to the management of accounts receivable and inventory from 2022 to 2024 . (Round answers to 1 decimal place, e.g. 13.5% or 13.5.)