Profitability ratios (LO2) The Dixie Corp. shows the following financial data for 2021 and 2022.
| 2021 | 2022 | |
| Sales | $ 3,220,000 | $3,380,000 |
| Cost of goods sold | 2,120,000 | 2,330,000 |
| Gross profit | 1,100,000 | 1,050,000 |
| Selling & administrative expense | 297,000 | 228,000 |
| Operating profit | 803,000 | 822,000 |
| Interest expense | 47,200 | 48,600 |
| Income before taxes | 755,800 | 773,400 |
| Taxes (35%) | 264,530 | 270,690 |
| Income after taxes | $481,270 | $502,710 |
For each year, compute the following and indicate whether it is increasing or decreasing profitability in 2022 as indicated by the ratio.
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