Arlington Merchants reported the following on its income statement for the fiscal years ended December 31, 2020 and 2019.

		2020				2019
Sales			$4,853,000				$4,753,000
Cost of goods sold			3,266,069				3,203,522
Gross profit			1,586,931				1,549,478
Operating expenses			878,393				893,564
Profit			$708,538				$655,914

Calculate the gross profit margin for Arlington for 2019 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.)

		Gross profit margin
2020		%
2019		%

eTextbook and Media

Calculate the profit margin for Arlington for 2019 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.)

		Profit margin
2020		%
2019		%

eTextbook and Media

For each ratio calculated in (a) and (b) above, comment if the ratio has improved or deteriorated from 2019 to 2020.

The gross profit margin has improveddeteriorated from 2019 to 2020.

The profit margin has improveddeteriorated from 2019 to 2020.