Partial comparative balance sheet and income statement information for Posad Company follows.

In 2012, the year-end balances for Accounts Receivable and Inventory were $32,400 and $51,200, respectively. Accounts Payable was $30,600 in 2012 and is the only current liability. Compute the current ratio, quick ratio, receivables turnover, days€™ sales uncollected, inventory turnover, days€™ inventory on hand, payables turnover, days€™ payable for each year, and financing period. (Round to one decimal place.) Comment on the change in the company€™s liquidity position, including its operating cycle and required days of financing from 2013 to2014.

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2014 Cash Marketable securities Accounts receivable (net) nventory Total current assets Accounts payable Net sales Cost of goods sold Gross margin 2013 S 10,400 17,200 35,600 49,600 $112,800 28,200 $220,720 203,360 S 17,360 13,600 7,200 44,800 54,400 120,000 S 40,000 $322,560 217,600 $104,960