Vaughn Corporation began operations January 1, 2022. Given the below information for Vaughn Corporation 2022 $10.000 18.400 14.200 Vaughn Corporation Statement of Financial Position December 31 2023 Cash $15.300 Accounts Receivable 23.900 Inventory 14,200 Total Current Assets 53,400 Property. Plant & Equipment 74.400 Total Assets 127.800 Accounts Payable 9.000 Deferred Revenue 15.700 Note Payable due 2026) 43,900 Total Liabilities 68.600 Common Shares 20.000 Retained Earnings 39.200 Shareholders' Equity 59.200 Total Liabilities & Equity 127.800 42.600 74,400 117,000 11.000 21100 43.900 76,000 20.000 21000 41,000 117,000 Vaughn Corporation Statement of Income For the year ending December 31 2023 2022 Sales $236,100 $118,600 Cost of goods sold 152,000 80,400 Gross margin 84,100 38,200 Operating expenses 59.900 23,500 Interest expense 4,500 2,200 Income before income tax 19,700 12,500 Income tax expense 3.940 2.500 Net income 15.760 10,000 Calculate debt-to-total assets ratios. (Round answers to 2 decimal places, cg 15425%) 2023 2022 Debt-to-total assets ratios % % Identify for each whether or not there has been a year-over-year improvement or deterioration. The debt-to-total assets ratio has year-over year indicating