Wardlow Sales, Inc.s comparative income statements and balance sheets show the fal lowing selected information for 2016 and 2017: 2017 2016

Cost of goods sold.. $2,700,000 $2,500,000

Average accounts payable... S 300,000 $ 250,000

Requirements 1. Calculate the company's accounts payable turnover and days payable outstanding (DPO) for 2016 and 2017. 2. On the basis of this computation alone, has the company's liquidity position improved or deteriorated during 2017?