Destiny Enterprise is considering applying for a bank loan and has hired you to prepare liquidity and profitability ratios to evaluate the business' performance for the last two years. Various data from Destiny Enterprises' classified balance sheet and income statement follow:

Evaluating Business Liquidity & Profitability Destiny Enterprises is considering applying for a bank loan and has hired you to prepare liquidity and profitability ratios to evaluate the business' performance for the last two years. Various data from Destiny Enterprises' classified balance sheets and income statements follow. Current assets Total assets Current liabilities Long-term liabilities Owner's equity Net Sales Net income 2019 2018 200,000 170,000 880,000 710,000 90,000 50,000 150,000 50,000 640,000 610,000 1,200,000 1,050,000 60,000 80,000 Total assets and owner's equity at the beginning of 2018 were $690,000 and $590,000 respectively. Required: A. Compute the following measures of liquidity for 2018 and 2019 (Round to one decimal place): 1. working capital 2. current ratio 3. Did the company's overall liquidity position increase or decrease from 2018 to 2019? B. Compute the following measures of profitability for 2018 and 2019 (Round to one decimal place): 1. profit margin 2. return on assets 3. debt to equity ratio 4. Did the company's overall profitability position increase or decrease from 2018 to 2019