The Haines Corporation shows the following financial data for 20X1 and 20X2: 20X1 20X2 Sales $ 3,440,000 $ 3,260,000 Cost of goods sold 2,360,000 2,790,000 Gross profit $ 1,080,000 $ 470,000 Selling & administrative expense 299,000 237,000 Operating profit $ 781,000 $ 233,000 Interest expense 47,100 53,700 Income before taxes $ 733,900 $ 179,300 Taxes (35%) 256,865 62,755 Income after taxes $ 477,035 $ 116,545 For each year, compute the following ratios and indicate how the change in each ratio will affe. Cost of goods sold to sales%%b. Selling and administrative expense to sales%%c. Interest expense to sales%%