The following financial information is for Priscoll Company.

Priscoll Company Balance Sheets December 31
Assets		2020			2019
Cash		$ 106,400			$ 98,800
Debt investments (short-term)		83,600			60,800
Accounts receivable		158,080			136,800
Inventory		349,600			250,800
Prepaid expenses		38,000			34,960
Land		197,600			197,600
Building and equipment (net)		395,200			281,200
Total assets		$1,328,480			$1,060,960
Liabilities and Stockholders Equity
Notes payable (short-term)		$258,400			$182,400
Accounts payable		98,800			79,040
Accrued liabilities		60,800			60,800
Bonds payable, due 2023		380,000			258,400
Common stock, $10 par		304,000			304,000
Retained earnings		226,480			176,320
Total liabilities and stockholders equity		$1,328,480			$1,060,960

Priscoll Company Income Statement For the Years Ended December 31
		2020				2019
Sales revenue			$1,340,640				$1,200,800
Cost of goods sold			972,800				874,000
Gross profit			367,840				326,800
Operating expenses			288,800				253,840
Net income			$ 79,040				$ 72,960

Additional information:

1.		Inventory at the beginning of 2019 was $174,800.
2.		Accounts receivable (net) at the beginning of 2019 were $130,720.
3.		Total assets at the beginning of 2019 were $1,003,200.
4.		No common stock transactions occurred during 2019 or 2020.
5.		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		$			$

LINK TO TEXT

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, 2020, and (2) as of December 31, 2021, 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%.)

Situation				Ratio
(1)		27,360 shares of common stock were sold at par on July 1, 2021. Net income for 2021 was $82,080.		Return on common stockholders equity
(2)		All of the notes payable were paid in 2021. All other liabilities remained at their December 31, 2020, levels. At December 31, 2021, total assets were $1,368,000.		Debt to assets ratio
(3)		The market price of common stock was $14 and $18 on December 31, 2020 and 2021, respectively. Net income for 2021 was $82,080.		Price-earnings ratio

		2020			2021
Return on common stockholders equity			%			%
Debt to assets ratio			%			%
Price-earnings ratio			times			times