2019 2018 137.0% 125.0% 9.8% 13.7% 3.5 to 1 3.3 to 1 2.6 to 1 2.4 to 1 2017 100.0% 15.3% 3.0 to 1 2.1 to 1 1.2 to 1 9.9 times 8.2 times 3.0 times 11.1% Sales trend percents Selling expenses to sales Sales to plant assets ratio Current ratio Acid-test ratio Merchandise inventory turnover Accounts receivable turnover Total asset turnover Return on total assets Return on equity Profit margin ratio 0.8 to 1 1.1 to 1 8.7 times 7.5 times 6.7 times 7.4 times 2.6 times 2.6 times 8.8% 9.4% 9.75% 11.50% 12.25% 3.3% 3.5% 3.7% Use the data to answer each of the following questions with explanations. 1. It is becoming easier for the company to meet its current liabilities on time and take advantage of any available cash discounts? Explain. 2. Is the company collecting its accounts receivable more rapidly? Explain. 3. Is the company's investment in accounts receivable decreasing? Explain. 4. Is the company's investment in plant assets increasing? Explain. 5. Is the owner's investment becoming more profitable? Explain. 6. Did the dollar amount of selling expenses decrease during the three-year period? Explain