4.Did the company's overall profitability position increase or decrease from 2018 to 2019?

Destiny Enterprises is considering applying for a bank loan and has hired you to prepare liquidity and profitability ratios to evaluate the business' performance for the last two years. Various data from Destiny Enterprises classified balance sheets and income statements follow 2019 2018 Current assets 200,000 170,000 Total assets 880,000 710,000 Curent liabilities 90,000 50,000 Long-term liabilities 150,000 50,000 Owner's equity 640,000 610,000 Net Sales 1,200,000 1,050,000 Net income 60,000 80,000 Total assets and owner's equity at the beginning of 2018 were $690,000 and $590,000 respectively Required: A. Compute the following measures of liquidity for 2018 and 2019 (Round to one decimal place); 1. working capital 2. current ratio 3. Did the company's overall liquidity position increase or decrease from 2018 to 2019? B. Compute the following measures of profitability for 2018 and 2019 (Round to one decimal place); 1. profit margin 2. return on assets 3. debt to equity ratio