as soon as possible

The following financial information is for Ivanhoe Company. Ivanhoe Company Balance Sheets December 31 Assets 2022 2021 Cash $ 114,800 $ 106,600 Debt investments (short-term) 90,200 65,600 Accounts receivable (net) 170,560 147,600 Inventory 377,200 270,600 Prepaid expenses 41,000 37,720 Land 213,200 213,200 Building and equipment (net) 426,400 303,400 Total assets $ 1,433,360 $ 1,144,720 Liabilities and Stockholders' Equity Notes payable (current) $ 278,800 $196,800 Accounts payable 106,600 85,280 Accrued liabilities 65,600 65,600 Bonds payable, due 2025 410,000 278,800 Common stock, $10 par 328,000 328,000 Retained earnings 244,360 190,240 Total liabilities and stockholders' equity $ 1,433,360 $ 1,144,720 Ivanhoe Company Income Statement For the Years Ended December 31 2022 2021 Net sales $ 1,446,480 $1,295,600 Cost of goods sold 1,049,600 943,000 Gross profit 396,880 352,600 Operating expenses 311,600 273,880 Net income $ 85,280 $ 78,720 Additional information: 1. 2. Inventory at the beginning of 2021 was $ 188,600. Accounts receivable (net) at the beginning of 2021 were $ 141,040. Total assets at the beginning of 2021 were $ 1,082,400. 3. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. (a) Indicate, by using ratios, the change in liquidity and profitability of Ivanhoe Company from 2021 to 2022. (Round Current ratio, Asset turnover and Earnings per share to 2 decimal places, eg. 1.65, and all other answers to 1 decimal place, eg, 6.8 or 6.8%) 2021 2022 LIQUIDITY Current ratio :1 :1 Accounts receivable turnover times times Inventory turnover times times PROFITABILITY Profit margin % % Asset turnover times times Return on assets %6 %6 Earnings per share