Question 3 of 3 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 119,700 Debt investments (short-term) 94,050 Accounts receivable 177,840 Inventory 393,300 Prepaid expenses 42.750 Land 222,300 Building and equipment (net) 444,600 Total assets $1.494 540 Liabilities and Stockholders' Equity Notes payable (short-term) $290,700 Accounts payable 111 150 Accrued liabilities 68.400 Bonds payable, due 2023 427.500 Common stock. $10 par 342.000 Retained earnings 254.790 Total liabilities and stockholders' equity $1.494 540 2019 $ 111,150 68,400 153,900 282,150 39,330 222,300 316.350 $1,193,580 $205,200 88.920 68,400 290.700 342.000 198.360 $1193,580 Priscoll Company Income Statement For the Years Ended December 31 2020 2009 o Question 3 of 3 Total liabilities and stockholders' equity $1,494,540 $1,193,580 Priscoll Company Income Statement For the Years Ended December 31 2020 2019 Sales revenue $1,508,220 $1,350,900 Cost of goods sold 1,094,400 983,250 Gross profit 413,820 367,650 Operating expenses 324,900 285,570 Net income $88.920 $82,080 Additional information: 1. 2. 3. Inventory at the beginning of 2019 was $196,650. Accounts receivable (net) at the beginning of 2019 were $147.060. Total assets at the beginning of 2019 were $1.128.600. No common stock transactions occurred during 2019 or 2020. All sales were on account. 4. 5. Indicate, by using ratios, the change in liquidity and profitability of Priscoll Con Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65, and all other a 2019 W N Question 3 of 3 No common stock transactions occurred during 2017 or 220. All sales were on account. 5. Indicate, by using ratios, the change in liquidity and profitability of Priscoll Company from 2019 to 2020. (Round Current ratio, Asset turnover and Earnings per share to 2 decimal places, es 1.65, and all other answers to 1 decimal place, eg. 68 or 68%) 2019 2020 LIQUIDITY Current ratio :1 :1 Accounts receivable turnover times times times times Inventory turnover PROFITABILITY Profit margin Asset turnover % % times times % Return on assets x Earnings per share $ $ Question Part Score a E O M