The financial statements of Tex-X Global Company are shown below.

Income Statement
	2020	2019
Sales	12,400,000	10,200,000
COGS	8,600,000	6,750,000
Depreciation	610,000	550,000
Selling and Admin Expenses	2,500,000	2,200,000
Operating Profit (EBIT)	690,000	700,000
Interest Expense	210,000	200,000
EBT	480,000	500,000
Taxes (21%)	100,800	105,000
Net Income	379,200	395,000
Balance Sheet, year-end
	2020	2019
Assets
Cash	50,000	90,000
Account Receivables	570,000	600,000
Inventories	530,000	460,000
Total Current Assets	1,150,000	1,150,000
PPE, net	2,050,000	1,350,000
Total Assets	3,200,000	2,500,000
Liabilities
Account payables	320,000	300,000
Short-term Debt	480,000	400,000
Total Current Liabilities	800,000	700,000
Long-term Debt	1,500,000	1,000,000
Total Liabilities	2,300,000	1,700,000
Common Stock	200,000	200,000
Retained Earnings	700,000	600,000
Total Shareholder Equity	900,000	800,000
Total Liability and Equity	3,200,000	2,500,000

The company's profitability based on ROA ratio has ............... from 2019 to 2020.

Question 14 options:

	risen
	fallen
	stayed the same