Problem $9-16$

A firm$$s balance sheets for the last two years are as follows:

YEAR $20$X$1$

Assets Liabilities and Equity

Cash $ $16,000$ Accounts payable $ $8,000$

Accruals $7,000$

Accounts receivable $20,000$ Current bank note $13,000$

Inventory $17,000$ Long$-$term debt $43,000$

Plant and equipment $57,000$ Common stock $17,000$

Retained earnings $22,000$

$ $110,000$ $ $110,000$

YEAR $20$X$2$

Assets Liabilities and Equity

Cash $ $11,000$ Accounts payable $ $15,000$

Accruals $6,000$

Accounts receivable $25,000$ Current bank note $13,000$

Inventory $17,000$ Long$-$term debt $33,000$

Plant and equipment $57,000$ Common stock $20,000$

Retained earnings $23,000$

$ $110,000$ $ $110,000$

Sales in $20$X$1$ were $$230,000.$ Sales in $20$X$2$ were $$230,000.$

Based solely on the current ratio and the quick ratio, has the firm$$s liquidity position deteriorated or improved? Round your answers to two decimal places.

Current ratios:

$20$x$1$:

$20$x$2$:

Quick ratios:

$20$x$1$:

$20$x$2$:

The firm$$s liquidity position has $.$

Without doing a calculation, has days sales outstanding $($receivables turnover$)$ improved?

Days sale outstanding has $.$

Without doing a calculation, has inventory turnover deteriorated?

Inventory turnover has $.$

If the firm earned $$4,000$ during $20$X$2,$ what proportion of those earnings were distributed? Round your answer to two decimal places.

$\%$