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.

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