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

SWIFTY CORPORATION Balance Sheet December 31
		2021		2020		2019
Cash		$ 27,500		$ 23,500		$ 18,500
Accounts receivable		50,500		50,000		48,500
Other current assets		94,500		95,500		65,000
Property, plant, and equipment (net)		530,000		471,500		401,000
		$702,500		$640,500		$533,000
Current liabilities		$ 71,500		$ 77,500		$ 70,000
Long-term debt		77,500		84,500		46,500
Common shares		318,000		280,000		287,000
Retained earnings		235,500		198,500		129,500
		$702,500		$640,500		$533,000

SWIFTY CORPORATION Income Statement For the Years Ended December 31
		2021		2020
Sales revenue		$790,000		$741,000
Less: Sales returns and allowances		36,000		59,000
Net sales		754,000		682,000
Cost of goods sold		411,500		375,000
Gross profit		342,500		307,000
Operating expenses (including income taxes)		201,500		227,000
Profit		$ 141,000		$ 80,000

Additional information:

1.		The market price of Swiftys 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 35,000 in 2021 and 30,500 in 2020.

1) 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%.)

2)

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

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

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

SWIFTY CORPORATION Balance Sheet December 31
		2021		2020		2019
Cash		$ 27,500		$ 23,500		$ 18,500
Accounts receivable		50,500		50,000		48,500
Other current assets		94,500		95,500		65,000
Property, plant, and equipment (net)		530,000		471,500		401,000
		$702,500		$640,500		$533,000
Current liabilities		$ 71,500		$ 77,500		$ 70,000
Long-term debt		77,500		84,500		46,500
Common shares		318,000		280,000		287,000
Retained earnings		235,500		198,500		129,500
		$702,500		$640,500		$533,000

SWIFTY CORPORATION Income Statement For the Years Ended December 31
		2021		2020
Sales revenue		$790,000		$741,000
Less: Sales returns and allowances		36,000		59,000
Net sales		754,000		682,000
Cost of goods sold		411,500		375,000
Gross profit		342,500		307,000
Operating expenses (including income taxes)		201,500		227,000
Profit		$ 141,000		$ 80,000

Additional information:

1.		The market price of Swiftys 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 35,000 in 2021 and 30,500 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%.)

		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			%			%