13-4A The following financial information is for Priscoll Company ol PRISCOLL COMPANY Balance Sheets December 31 2019 2018 Cash Debt investments (short-term Accounts receivable Inventory Prepaid expenses Land $ 70,000$65,000 40,000 104,00090,000 230,000 165,000 25,00023,000 130,000130,000 260,000185,000 $874,000 $698,000 55,00040 Total assets Liabilities and Stockholders Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2022 Common stock, $10 par $170,000 $120,000 65,00052,000 40,000 40,000 250,000 170,000 200,000 200,000 149,000116,000 Total liabilities and stockholders equity $874,000 $698,000 CALCULATOR MESSAGE MY INSTRUCTOR PRISCOLL COMPANY Income Statements For the Years Ended December 31 2019 201 8 Sales revenue Cost of goods sold 640,000 575,000 Gross profit Operating expenses 190,000 167,000 Net income52000 $48000 Additional information: $882,000 $790,000 242,000 215,000 1. Inventory at the beginning of 2018 was $115,000. 2. Accounts receivable (net) at the beginning of 2018 were $86,000. 3. Total assets at the beginning of 2018 were $660,000. 4. No common stock transactions occurred during 2018 or 2019 5. All sales were on account. (al) Compute the liquidity and profitabelity ratios of Priscoll Company for 2018 and 2019, (Round al, answers to 2 decimal p decrease show the numbers as negative, e.g.-1.83% or (1.83%).) is 2019 2018 % change LIQUIDITY (al) 018 LIQUIDITY times times 2019 2018 EOL (b) for 2020 was of 2. All of the Price-earnings ratio 19 and 2020