Partial comparative balance sheet and income statement information for Sople Company is as follows:

In 2010, the year-end balances for Accounts Receivable and Inventory were $32,400 and $51,200, respectively. Accounts Payable was $30,600 in 2010 and is the only current liability. Compute current ratio, quick ratio, receivable turnover, days’ sales uncollected, inventory turnover, days’ inventory on hand, payables turnover, and days’ payable for each year. (Note: Round computations to one decimal place.) Comment on the change in the company’s operating asset management, including its operating cycle and required days of financing from 2011 to 2012.

2012 2011 $ 10400 17,200 35,600 49,600 $112,800 5 28,200 $220,720 203,360 17,360 13600 Cash Marketable securities Accounts receivable (net) Inventory Total current assets Accounts payable Net sales Cost of goods sold Gross margin 7,200 44,800 54400 $120,000 $40,000 $322,560 217600 $104,960