Question;Wango Sales Inc. comparative income statement and balance sheet 2011 and 012.Data Table:COGS: 2012 2011$2950,000 $3,445000Avg. A/R @295,000 $ 265,000Requirements:1. Calculate the company's payable turnover and days payable outstanding (DPO) for 2011 and 2012. (Give the formula use)2. On the basis of this computation alone has the company liquidity position (a). Improved (b). Deteriorated during 2012?
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