The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 102,200 Debt investments (short-term) 80,300 Accounts receivable 151,840 Inventory 335,800 Prepaid expenses 36,500 Land 189,800 Building and equipment (net) 379,600 Total assets $1,276,040 Liabilities and Stockholders' Equity Notes payable (short-term) $248,200 Accounts payable 94,900 Accrued liabilities 58,400 Bonds payable, due 2023 365,000 Common stock, $10 par 292,000 Retained earnings 217,540 Total liabilities and stockholders' equity $1,276,040 2019 $ 94,900 58,400 131,400 240,900 33,580 189,800 270,100 $1,019,080 $175,200 75,920 58,400 248,200 292,000 169,360 $1,019,080 Priscoll Company Income Statement For the Years Ended December 31 2020 2019 Sales revenue $1,287,720 $1,153,400 Cost of goods sold 934,400 839,500 Gross profit 353,320 313,900 Operating expenses 277,400 243,820 Net income $ 75,920 $ 70,080 1. 2. 3. 4. 5. Inventory at the beginning of 2019 was $167,900. Accounts receivable (net) at the beginning of 2019 were $125,560. Total assets at the beginning of 2019 were $963,600. No common stock transactions occurred during 2019 or 2020. All sales were on account. 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, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2019 2020 LIQUIDITY Current ratio :1 :1 Accounts receivable turnover times times Inventory turnover times times PROFITABILITY Profit margin % % Asset turnover times times Return on assets % % Earnings per share $ $ $