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The Haines Corporation shows the following financial data for 2 0 X 1 and 2 0 X 2 : 2 0 X 1 2 0

The Haines Corporation shows the following financial data for 20X1 and 20X2:
20X120X2
Sales $ 2,620,000 $ 3,770,000
Cost of goods sold 2,400,0002,380,000
Gross profit $ 220,000 $ 1,390,000
Selling & administrative expense 234,000264,000
Operating profit $ -14,000 $ 1,126,000
Interest expense 45,60052,400
Income before taxes $ -59,600 $ 1,073,600
Taxes (35%)-20,860375,760
Income after taxes $ -38,740 $ 697,840
For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2.
Note: Input your answers as a percent rounded to 2 decimal places.

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