Indicate, by using ratios, the change in liquidity and profitability of Priscoll Company from 2018 to 2019. (Note: Not all profitability ratios can be computed nor can cash-basis ratios be computed.) The following financial information is for Priscoll Company. PRISCOLL COMPANY Balance Sheets December 31 Assets 2019 Cash $ 70.000 Debt investments (short-term) 55.000 Accounts receivable 104.000 Inventory 230.000 Prepaid expenses 25.000 Land 130,000 Building and equipment (net) 260.000 Total assets $874,000 Llabilities and Stockholders' Equity Notes payable $170.000 Accounts payable 65,000 Accrued liabilities 40,000 Bonds payable, due 2022 250.000 Common stock, $ 10 par 200.000 Retained earnings 149,000 Total liabilities and stockholders equity $874,000 2018 $ 65,000 40,000 90,000 165.000 23.000 130.000 185.000 $698.000 $120.000 52.000 40,000 170.000 200.000 116.000 $698.000 PRISCOLL COMPANY Income Statements For the Years Ended December 31 2019 2018 Sales revenue $882.000 $790,000 PRISCOLL COMPANY Income Statements For the Years Ended December 31 2019 2018 Sales revenue $882.000 $790.000 Cost of goods sold 640.000 575.000 Gross profit 242.000 215.000 Operating expenses 190.000 167.000 Net income $ 52.000 $ 48.000 Additional information: 1. 2. Inventory at the beginning of 2018 was $115.000. Accounts receivable (net) at the beginning of 2018 were $86,000. Total assets at the beginning of 2018 were $660.000, No common stock transactions occurred during 2018 or 2019. All sales were on account, 4