Plz give the explanation

View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Sarasota Corporation appear below: SARASOTA CORPORATION Balance Sheet December 31 2021 2020 2019 Cash $ 28,500 $ 23,500 $ 19,500 Accounts receivable 53,000 46,500 48,500 Other current assets 94,000 97,500 64,500 Property, plant, and equipment (net) 525,500 441,500 406,500 $701,000 $609,000 $539,000 Current liabilities $ 71,500 $ 77,500 $ 68,000 Long-term debt 77,500 81,500 45,000 Common shares 309,000 281,000 286,000 Retained earnings 243,000 169,000 140,000 $701,000 $609,000 $539,000 SARASOTA CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $783,000 $734,000 Less: Sales returns and allowances 37,000 51,000 Net sales 746,000 683,000 Cost of goods sold 419,000 407,000 Gross profit 327,000 276,000 Operating expenses (including income taxes) 215,000 224,000 Profit $ 112,000 $ 52,000 Additional information: 1. The market price of Sarasota's common shares was $2.00, $3.00, and $6.00 for 2019, 2020, and 2021, respectively. All dividends were paid in cash. WN Weighted-average common shares were 32,500 in 2021 and 28,500 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 Question Part Score --/0.8 Based on the ratios calculated, indicate the improvement or lack thereof in Sarasota Corporation's financial position and operating results from 2020 to 2021. Based on the ratios calculated, Sarasota Corporation's financial position and operating results from 2020 to 2021 is