Carla Vista Company Balance Sheets December 31 Assets 2022 2021 Cash $ 135,800 $ 126,100 Debt investments (short-term) 106.700 77,600 Accounts receivable (net) 201.760 174,600 Inventory 446,200 320,100 Prepaid expenses 48,500 44,620 Land 252,200 252,200 Building and equipment (net) 504,400 358,900 Total assets $1,695,560 $1,354,120 Liabilities and Stockholders' Equity Notes payable (current) $329,800 $232,800 Accounts payable 126,100 100,880 Accounts payable 120, IUU 100,880 Accrued liabilities 77,600 77,600 Bonds payable, due 2025 485,000 329,800 Common stock, $10 par 388,000 388,000 Retained earnings 289,060 225,040 Total liabilities and stockholders' equity $1,695,560 $1,354,120 Carla Vista Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,711,080 $1,532,600 Cost of goods sold 1,241,600 1,115,500 Gross profit 469,480 417,100 Operating expenses 368,600 323,980 Net income $ 100,880 $ 93,120 Additional information: 1. Inventory at the beginning of 2021 was $223,100, 2. Accounts receivable (net) at the beginning of 2021 were $166,840. 3. Total assets at the beginning of 2021 were $1,280,400. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. Indicate, by using ratios, the change in liquidity and profitability of Carla Vista Company from 2021 to 2022. (Round Current ratio, Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 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 % % Earnings per share $ LA