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Woodward Sales, Inc.'s comparative income statements and balance sheets show the below selected information for 201 and 202. View the comparative income statements and balance sheets. Read the requirements. Requirement 1. Calculate the company's accounts payable turnover and days payable outstanding (DPO) for 20X1 anc 202. Begin by calculating the company's accounts payable turnover. First, select the labels in the formula to calculate the company's accounts payable turnover. = Accounts payable turnover In this step, calculate the turnover for 202. Accounts payable turnover for 20X2: Next, calculate the turnover for 20X1. Accounts payable turnover for 201 : Now, calculate the days payable outstanding (DPO). Select the labels in the formula to calculate the company's DPO. Now, calculate the days payable outstanding (DPO). Select the labels in the formula to calculate the company's DPO. In this step, calculate the DPO for 20X2. (Round your answer to the nearest whole number.) Days payable outstanding for 20X2: Next, calculate the DPO for 20X1. (Round your answer to the nearest whole number.) Days payable outstanding for 20X1: Requirement 2. On the basis of this computation alone, has the company's liquidity position improved or deteriorated during 20X2? The company's liquidity position has during 20X2. Comparative Income Statements and Balance Sheets Required 1. Calculate the company's accounts payable turnover and days payable outstanding (DPO) for 20X1 and 20X2. 2. On the basis of this computation alone, has the company's liquidity position improved of deteriorated during 20X2

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