Condensed balance sheet and income statement data for Sheffield Corporation appear below: SHEFFIELD CORPORATION Balance Sheet December 31 2021 2020 2019 Cash $ 28,000 $20,500 $19,500 Accounts receivable 55,000 48,500 51,500 Other current assets 91,500 97,000 67,000 Property, plant, and equipment (net) 524,500 480,500 398,000 $699,000 $646,500 $536,000 Current liabilities $ 68,500 $ 79,500 $ 69,500 Long-term debt 79,500 82,500 46,500 Common shares 326,000 292,000 292,000 Retained earnings 225.000 192,500 128,000 $699.000 $646,500 $536,000 SHEFFIELD CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $784.000 $735,000 Less: Sales returns and allowances 39,000 52,000 Net sales 745,000 683,000 Cost of goods sold 413,500 390,000 Gross profit 331,500 293,000 Operating expenses (including income taxes) 208,500 222,500 Profit $ 123,000 $70,500 Additional information: 1. The market price of Sheffield's common shares was $3.00, $4.00, and $7.00 for 2019, 2020, and 2021, respectively. 2. All dividends were paid in cash. 3. Weighted average common shares were 33,500 in 2021 and 29,000 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 $ $ $ times times Price-earnings ratio Payout ratio % Debt to total assets % % Gross profit margin % % Based on the ratios calculated, indicate the improvement or lack thereof in Sheffield Corporation's financial position and operating results from 2020 to 2021. Based on the ratios calculated, Sheffield Corporation's financial position and operating results from 2020 to 2021 is