Question: Partial comparative balance sheet and income statement information for Posad Company follows. REQUIRED : Provide a detailed comment on the change in the companys liquidity

Partial comparative balance sheet and income statement information for Posad Company follows. REQUIRED : Provide a detailed comment on the change in the companys liquidity position, including its operating cycle and required days of financing from 2013 to 2014.

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

Partial comparative balance sheet and income statement information for Posad Company follows. 2014 2013 $13.600 $10.400 Cash $7.200 $17.200 Marketable securities $44.800 $35.600 Accounts receivable $54.400 $49.600 Inventory $112.800 $120.000 Total Current Assets Accounts Payable $40.000 $28.200 $322.560 $220.720 Net Sales $217.600 $203.360 Cost of Goods Sold Gross Margin $17.360 $104.960

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