Condensed balance sheet and income statement data for Cheyenne Corporation appear below. CHEYENNE CORPORATION Balance Sheet December 31 2021 2020 2019 Cash $ 30,000 $ 20,000 $ 19,000 Accounts receivable 52,500 48,000 51,500 94,000 Other current assets 99,000 70,000 515,000 458,000 410.000 Property, plant, and equipment (net) $691,500 $625,000 $550.500 $ 69,500 $ 76,500 $ 61,000 Current liabilities 76,500 85,000 44,000 Long-term debt 301.000 301.000 287,000 Common shares 244,500 162,500 158,500 Retained earnings $691,500 $625,000 $550.500 12C Cloudy CHEYENNE CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $744,000 $724,000 Less: Sales returns and allowances 39,500 51,000 Net sales 704,500 673,000 Cost of goods sold 410,000 404,000 Gross profit 294,500 269.000 Operating expenses (including income taxes) 202,500 228,500 Profit $ 92.000 $ 40,500 Additional information: Additional information: 1. The market price of Cheyenne'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 32,500 in 2021 and 28,500 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%.) 2020 2021 % % Profit margin times times Asset turnover $ Earnings per share times times Price-earnings ratio Asset turnover times times Earnings per share $ $ Price-earnings ratio times times Payout ratio % % I Debt to total assets % % Gross profit margin % % --/0.8 Based on the ratios calculated, indicate the improvement or lack thereof in Cheyenne Corporation's financial position and operating results from 2020 to 2021. Based on the ratios calculated, Cheyenne Corporation's financial position and operating results from 2020 to 2021 is