The Haines Corporation shows the following financial data for 20X1 and 20X2: Sales Cost of goods sold Selling & administrative expense Gross profit Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 20X1 $ 3,050,000 2,150,000 $ 900,000 269,000 $ 631,000 48,700 $ 582,300 203,805 $ 378,495 20X2 $ 3,960,000 2,150,000 $ 1,810,000 253,000 $ 1,557,000 49,200 $ 1,507,800 527,730 $ 980,070 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 % % % % % %