Jinna Sales, Inc.s comparative income statements and balance sheets show the following selected information for 2013 and

Jinna Sales, Inc.’s comparative income statements and balance sheets show the following selected information for 2013 and 2014:

Requirements
1. Calculate the company’s accounts payable turnover and days’ payable outstanding (DPO) for 2013 and 2014.
2. On the basis of this computation alone, has the company’s liquidity position improved or deteriorated during2014?

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2014 2013 Cost of goods sol.d... Ending inventory. $2,600,000 $2,400,000 $1,000,000 700,000 700,000 600,000 S 317,600 252,600 Avcrage accounts payable