The income statements and balance sheets for Kendrick Inc. are shown below for the last three fiscal years. All sales are on credit Kendrick Inc. Income Statement For the Years Ended December 31 2020 2019 2018 Sales $758,000 $726,000 $731,000 Cost of Goods Sold $282,000 $274,000 $283,000 Gross Profit Expenses Operating Expenses $476,000 $452,000 $448,000 $220,000 $312,000 $290,000 Advertising Expense Depreciation Expense Interest Expense $89,000 $87,000 $97,000 $68,000 $67,000 $76,000 $7,000 $7,000 $7,000 Total Expenses $384,000 $473,000 $470,000 Net Income (Loss) Before Taxes $92,000 $-21,000 $-22,000 Income Taxes (Return) $41,400 $-9,450 $-9,900 Net Income (Loss) After Taxes $50,600 $-11,550 $-12,100 Kendrick Inc. Balance Sheet As at the Years Ended December 31 Cash Accounts Receivable 2020 2019 $211,000 $194,000 $196,000 $74,000 $81,000 $68,000 2018 Merchandise Inventory $79,000 $105,000 $74,000 Equipment $207,000 $183,000 $239,000 Total Assets $571,000 $563,000 $577,000 Accounts Payable $43,000 $36,000 $45,000 Unearned Revenue $21,000 $22,000 $21,000 Long-Term Debt $43,000 $43,000 $43,000) Common Stock $58,000 $70,000 $62,000) Retained Earnings $406,000 $392,000 $406,000 Total Liabilities and Stockholders' Equity $571,000 $563,000 $577,000 Required Calculate the following ratios for Kendrick Inc. for 2020 and 2019, and state whether the ratios improved or weakened in 2020. Do not enter dolar signs, percent signs.or.commas in the outbox Round at answers to 2 decimal places Ratio Net Profit Margin (Percent) Return on Equity (Percent) Quick Ratio (Decimal Number) 2020 2019 Improved or Weakened 6.68 -159 Improved 10.91 -2.50 improved 4.45 474 Weakened Debt-to-Assets Ratio (Decimal Number Weakened Accounts Receivable Turnover (Decimal Number 10.17 937 Improved