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Dealing with Liquidity of Short-Term Assets; Related Debt-Paying Ability (Kodak).

I have a case that I need help with in my Financial Statement Analysis course. Dealing with Liquidity of Short-Term Assets; Related Debt-Paying Ability.

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Ratios:
Accounts receivables turnover. Using trade receivables: 13234/1966 = 6.7 and 13994/2245 = 6.2
(net sales/ trade receivables)
The first ratio is the 2001 figure and the second figure is the 2000 figure. This ratio means that the number of times the receivables were realized and the funds once again used during the course of the year. So, the ratio that was 6.2 in 2000 has improved to 6.7 in 2001 this means that the receivables were collected faster in 2001, an improvement in short-term asset management.
Days Sales in receivables: Using trade receivables: 365/6.7 = 54.2 days and 365/ 6.2 = 58.5 days.
The ratio discussed above is now expressed in the form of days, that is during 2000 the receivables were realized in an average of 58.5 days, however, in the year 2001 these receivables are now realized in 54.2 days. That is the receivables are collected faster in 2001.
Inventory turnover: 8,670/1137 = 7.6 8.375/1,718 = 4.8
The inventory was turned over in the year 2000 only 4.8 times, however, there was an improvement in the year 2001 and the inventory was turned ...

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"In terms of days during 2000 the inventory moved every 74.8 days on an average, there was a substantial improvement in short term asset management and the inventory was moved in 2001 every 47.8 days. This is a..."

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