1. M EWUIN View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Bridgeport Corporation are BRIDGEPORT CORPORATION Balance Sheets December 31 2022 2021 2020 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $32,000 $22,000 $20,000 52,000 47,000 50,000 93,000 98,000 67,000 58,000 73,000 48,000 500,000 370,000 358,000 $735,000 $610,000 $543,000 $ 87,000 $82,000 $72,000 148,000 88,000 53,000 323,000 313,000 303,000 177,000 127,000 115,000 $735,000 $610,000 $543,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings 13,000 U $543,000 BRIDGEPORT CORPORATION Income Statements For the Years Ended December 31 Sales revenue 2022 2021 $743,000 $603,000 42,000 32,000 Less: Sales returns and allowances 701,000 571,000 Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) 428,000 353,000 273,000 182,000 $ 91,000 218,000 152,000 $ 66,000 Net income Additional information: 1. The market price of Bridgeport's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectivel 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2021 and 2022. 113. Homework Compute the following ratios for 2021 and 2022. 2022 2021 Profit margin Gross profit rate (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 2 decimal times places, e.g. 1.83.) (Round answers to 2 decimal places, e.g. 1.83.) Asset turnover times Earnings per share Price-earnings ratio times Payout ratio (Round answers to 1 decimal times place, e.g. 1.5.) (Round answers to O decimal places, e.g. 15%.) (Round answers to 0 decimal places, e.g. 15%.) Debt to assets ratio e Textbook and Media e Textbook Video Attempts: 0 of 5 used