The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 84,700 Debt investments (short-term) 66,550 Accounts receivable 125,840 Inventory 278,300 Prepaid expenses 30,250 Land 157,300 Building and equipment (net) 314,600 Total assets $1,057,540 Liabilities and Stockholders' Equity Notes payable (short-term) $205,700 Accounts payable 78,650 Accrued liabilities 48,400 Bonds payable, due 2023 302,500 Common stock, $10 par 242,000 Retained earnings 180,290 Total liabilities and stockholders' equity $1,057,540 2019 $78,650 48,400 108,900 199,650 27,830 157,300 223,850 $844,580 $145,200 62,920 48,400 205,700 242,000 140,360 $844,580 Priscoll Company Income Statement For the Years Ended December 31 2020 2019 Sales revenue $1,067,220 $955,900 Cost of goods sold 774,400 695,750 Gross profit 292,820 260,150 Operating expenses 229,900 202,070 Net income $62,920 $ 58,080 Additional information: 1. 2. 3. Inventory at the beginning of 2019 was $139,150. Accounts receivable (net) at the beginning of 2019 were $104,060. Total assets at the beginning of 2019 were $798,600. No common stock transactions occurred during 2019 or 2020. All sales were on account. 4. 5. PROFITABILITY Profit margin % % Asset turnover times times Return on assets % % Earnings per share $ $