The Haines Corporation shows the following financial data for 20X1 and 20X2: Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 20x1 $ 2,780,000 1,660,000 $ 1,120,000 216,000 $ 904,000 43,700 $860,300 301,105 $559,195 20x2 $ 3,630,000 1,870,000 $1,760,000 257,000 $ 1,503,000 50,700 $ 1,452,300 508,305 $ 943,995 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. a. Cost of goods sold to sales b. Selling and administrative expense to sales c. Interest expense to sales 20X1 20X2 Profitability % % % % %