Condensed balance sheet and income statement data for Pronghorn Corporation appear below:

PRONGHORN CORPORATION Balance Sheet December 31
		2021		2020		2019
Cash		$ 30,000		$ 22,000		$ 18,500
Accounts receivable		50,000		47,500		50,000
Other current assets		93,000		97,000		65,500
Property, plant, and equipment (net)		528,500		479,000		396,000
		$701,500		$645,500		$530,000
Current liabilities		$ 69,000		$ 75,500		$ 69,000
Long-term debt		75,500		80,500		41,000
Common shares		301,000		292,000		281,000
Retained earnings		256,000		197,500		139,000
		$701,500		$645,500		$530,000

PRONGHORN CORPORATION Income Statement For the Years Ended December 31
		2021		2020
Sales revenue		$781,000		$732,000
Less: Sales returns and allowances		36,500		52,500
Net sales		744,500		679,500
Cost of goods sold		418,000		385,000
Gross profit		326,500		294,500
Operating expenses (including income taxes)		217,000		223,000
Profit		$ 109,500		$ 71,500

Additional information:

1.		The market price of Pronghorns common shares was $5.00, $6.00, and $9.00 for 2019, 2020, and 2021, respectively.
2.		All dividends were paid in cash.
3.		Weighted-average common shares were 32,500 in 2021 and 28,000 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			%			%

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Question Part Score

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Based on the ratios calculated, indicate the improvement or lack thereof in Pronghorn Corporations financial position and operating results from 2020 to 2021.

Based on the ratios calculated, Pronghorn Corporations financial position and operating results from 2020 to 2021 is