Condensed balance sheet and income statement data for Ayayai Corporation appear below: AYAYAI CORPORATION Balance Sheet December 31 2021 2020 2019 Cash $ 25,000 $20,000 $18,000 Accounts receivable 50,000 45,000 48,000 Other current assets 90,000 95,000 64,000 Property, plant, and equipment (net) 475,000 440,000 395,000 $640,000 $600,000 $525,000 Current liabilities $68,000 $75,000 $60,000 Long-term debt 75,000 80,000 40,000 Common shares 300,000 280,000 280,000 Retained earnings 197,000 165,000 145,000 $640,000 $600,000 $525,000 AYAYAI CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $740,000 $720,000 Less: Sales returns and allowances 35,000 50,000 Net sales 705,000 670,000 Cost of goods sold 410,000 400,000 Gross profit 295,000 270,000 Operating expenses (including income taxes) 200,000 220,000 Profit $ 95,000 $50,000 Additional information: 1. The market price of Ayayai's common shares was $2.00, $3.00, and $6.00 for 2019, 2020, and 2021, respectively. 2. All dividends were paid in cash. 3. Weighted average common shares were 32,000 in 2021 and 28,000 in 2020. Compute the following ratios for 2020 and 2021. (Round asset turnover, earnings per share and price earning ratio answers to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place e.g. 1.5%.) 2021 2020 Profit margin % Asset turnover times times Earnings per share $ $ Price-earnings ratio times times Payout ratio % Debt to total assets % % Gross profit margin % % e Textbook and Media Based on the ratios calculated, indicate the improvement or lack thereof in Ayayai Corporation's financial position and operating results from 2020 to 2021. ed on the ratios calculated, Ayayai Corporation's financial position and operating results from 2020 to 2021 is e Textbook and Media