In 2013, Copia Company had current assets of $155,000 and current liabilities of $100,000, of which accounts payable were $65,000. Cost of goods sold was $425,000, merchandise inventory increased by $40,000, and accounts payable were $55,000 in the prior year. In 2014, Copia had current assets of $210,000 and current liabilities of $160,000, of which accounts payable were $75,000. Cost of goods sold was $475,000, and merchandise inventory decreased by $15,000. Calculate Copia’s working capital, payables turnover, and days’ payable for 2013 and 2014. Assess Copia’s liquidity and cash flows in relation to the change in payables turnover from 2013 to 2014.