Use the information provided below for King Co. to answer the questions that follow. Ratio Current Year Prior Year Profit margin 12% 15% Debt ratio 58% 60% Current Ratio 2.19 1.79 Gross margin 20% 22% Acid-test ratio 1.25 0.95 Accounts receivable turnover 6.9 6.5 Basic earnings per share $1.49 $1.55 Equity ratio 42% 40% Inventory turnover 4.2 4.6 Dividend yield 5% 4% a. List the ratios given that measure liquidity. Did the company's liquidity improve or deteriorate over the 2 year period? b. List the ratios given that measure profitability. Did the company's profitability improve or deteriorate over the 2 year period? c. List the ratios given that measure solvency. Did the company's solvency improve or deteriorate over the 2 year period