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The following financial information is for Priscoll Company. Accounts payable Priscoll Company For the Years Ended December 31 begin{tabular}{lcc} & 2022 & 2021 Net

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The following financial information is for Priscoll Company. Accounts payable Priscoll Company For the Years Ended December 31 \begin{tabular}{lcc} & 2022 & 2021 \\ Net sales & $882,000 & $790,000 \\ Cost of goods sold & 640,000 & 575,000 \\ \hline Gross profit & 242,000 & 215,000 \\ \hline Operating expenses & 190,000 & 167,000 \\ \hline Netincome & $52,000 & $48,000 \end{tabular} Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $86,000. 3. Total assets at the beginning of 2021 were $660,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. Indicate, by using ratios, the change in liquidity and profitability of Priscoll Company from 2021 to 2022 . (Round Current ratio, Asset turnove other answers to 1 decimol place, es. 6.8 or 6.8% )

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