View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Bramble Corporation appear below: BRAMBLE CORPORATION Balance Sheet December 31 2021 2020 2019 Cash $ 25,000 $ 24,000 $ 20,000 Accounts receivable 52,000 47.000 50.500 Other current assets 92.000 96.000 65.500 Property, plant, and equipment (net) 480,000 487.500 443.500 S649.000 5654.500 $579,500 Current liabilities $ 71.000 $ 77,500 $ 61,500 Long-term debt 77,500 81,000 47,500 Common shares 323,000 300,000 295.000 Retained earnings 177,500 196,000 175,500 5649.000 $654.500 $579.500 BRAMBLE CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $793.000 $744.000 Less: Sales returns and allowances 39.000 57.000 Netsales 754.000 687.000 Cost of goods sold 416,000 407.500 Gross pront 338.000 279.500 Operating expenses (including income taxes) 220,000 214,000 Profit $ 118,000 $ 65,500 Additional information: 1 The market price of Bramble's common shares was $5.00.56.00, and $9.00 for 2019,2020, and 2021, respectively. 2. All dividends were paid in cash. 3. Weighted-average common shares were 35,000 in 2021 and 28.400 in 2020. Compute the following ratios for 2020 and 2021. (Round asset turnover, earnings per share and price earning ratio answers to 2 decimal places, eg. 1.83 or 1.83% and all other answers to 1 decimal place eg. 1.5%) 2021 2020 Profit margin 96 Asset turnover times times Earnings per share $ S Price-earnings ratio times times 1 Payout ratio % 96 % % Debt to total assets Gross profit margin % eTextbook and Media Question Part Score --/0.8 Based on the ratios calculated, indicate the improvement or lack thereof in Bramble Corporation's financial position and operating results from 2020 to 2021. Based on the ratios calculated, Bramble Corporation's financial position and operating results from 2020 to 2021 is eTextbook and Media