The following financial information is for Priscoll Company. PRISCOLL COMPANY Balance Sheets December 31 Cash $ 70,000 $65,000 Debt investments (short-term) 55,000 40,000 Accounts receivable 104,000 90,000 Inventory 230,000 165,000 Prepaid expenses 25,000 23,000 Land 130,000 130,000 Building and equipment (net) 260,000 185,000 Total assets $874,000 $698,000 Liabilities and Stockholders' Equity Notes payable $170,000 $120,000 Accounts payable 65,000 52,000 Accrued liabilities 40,000 40,000 Bonds payable, due 2022 250,000 170,000 Common stock, $10 par 200,000 200,000 Retained earnings 149.000 116,000 Total liabilities and stockholders' equity $874,000 $698,000 PRISCOLL COMPANY Income Statements For the Years Ended December 31 2019 2018 Sales revenue $882.000 $790,000 PRISCOLL COMPANY Income Statements For the Years Ended December 31 2019 2018 Sales revenue $882,000 $790,000 Cost of goods sold 640,000 575,000 Gross profit 242,000 215,000 Operating expenses 190,000 167,000 Net income $ 52,000 $48,000 Additional information: 1. Inventory at the beginning of 2018 was $115,000. 2. Accounts receivable (net) at the beginning of 2018 were $86,000. 3. Total assets at the beginning of 2018 were $660,000. 4. No common stock transactions occurred during 2018 or 2019. 5. All sales were on account. (a2) Indicate, by using ratios, the change in liquidity and profitability of Priscoll Company from 2018 to 2019. (Note: Not all profitability ratios can be computed nor can cash-basis ratios be computed.)