b) Based on this information, does the companys liquidity appears to be improving or deteriorating?

The companys liquidity appears to be?

Cullumber Company reported the following information for a three-year period: 2016 2015 Ending inventory 2017 $22,000 120,000 $28,000 Sales $35,000 116,000 49,880 38,000 Cost of goods sold 122,000 52,460 41,000 51,600 Profit 30,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2017 and 2016. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2017 2016 Inventory turnover times times Days sales in inventory days days Gross profit margin