The following financial information is for Priscoll Company. 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. (a) Your answer is correct. Indicate, by using ratios, the change in liquidity and profitability of Priscoll Company from 2021 to 2022. (Round Current rati Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022, and (2) as of December 31,2023, after giving effect to the situation. (Round debt to assets ratio to 0 decimal places, e.g. 15% and other answers to 1 decimal place, e.g. 6.8 or 6.8%.) eTextbook and Media Attempts: 0 of 3 used