The Haines Corp. shows the following financial data for 20X1 and 20x2: 5 $ $ $ Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 2X1 3,130,000 2,030,000 1,100,000 303,000 797,000 42,500 754,500 264,075 490,425 $ 20x2 3,520,000 2,780,000 740,000 265,000 475000 46,600 428,400 149,940 278,460 5 $ For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2. (Input answers as a percent rounded to 2 decimal places.) 20X1 20X2 Profitability a. Cost of goods sold to sales b. Selling and administrative expense to sales c. Interest expense to sales %