The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 2019 Cash $ 106,400 Debt investments (short-term) Accounts receivable Inventory S 98,800 60,800 136,800 250,800 34,960 197,600 281,200 $1,060,960 158,080 349,600 38,000 197,600 395,200 $1,328,480 Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Nates payable (short-term) Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $256,400 96,800 60,800 380,000 304,000 226,480 $1,328,480 $1B2,400 79,040 60,000 258,400 304,000 126,320 $1,060,960 Priscoll Company Income Statement For the Years Ended December 31 2020 2019 Sales revenue Cost of goods sold Gross profit Operating expenses Net income $1,340,640 972,800 367,840 2aa, ago $ 79,040 $1,200,800 874,000 326,800 253,840 $72,960 Additional information: 1. Inventory at the beginning of 2019 was $174,800. 2. Accounts receivable (net) at the beginning of 2019 were 5130,720. 3. Total assets at the beginning of 2019 were $1,003,200. 4. Na common stock transactions occurred during 2019 or 2020. 5. All sales were on account. *(a) Your answer is partially correct. Try again. 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 Accounts receivable tumover 9.2 times times 9 10.3 - times 2.8 Inventory turnover times PROFITABILITY Profit margin Asset turnover times 1.12 times Return on assets Earnings per share Attempts: 1 of 2 used