The Sundog Brewery reported the following ratios for the last 3 years:

Ratio	2018	2019	2020
Current ratio	1.53	1.53	1.46
Rate of return on stockholder's equity	1.03	1.44	1.78
Rate of return on total assets	0.32	0.38	0.48
Days in receivables	12.40	9.25	11.28
Inventory turnover	20.79	16.65	15.97
Accounts receivable turnover	29.92	39.59	32.06
Asset turnover	1.65	1.56	1.68
Earnings per share	28.48	42.6	56.06
Debt ratio	0.69	0.73	0.73
Times interest earned	6.56	9.88	10.44

Briefly analyze each ratio. What conclusions would you draw from the ratio analysis?