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3. Condensed balance sheet and income statement data for Coronado Corporation are presented here. Coronado Corporation Balance Sheets December 31 2022 2021 2020 Cash $29,700
3. Condensed balance sheet and income statement data for Coronado Corporation are presented here. Coronado Corporation Balance Sheets December 31 2022 2021 2020 Cash $29,700 $ 17,300 $ 17,100 Accounts receivable (net) 49,500 45,800 49,000 Other current assets 89,800 95,700 63,900 Investments 55,100 69,300 45,600 Property, plant, and equipment (net) 500,800 369,900 358,000 $724,900 $598,000 $533,600 Current liabilities $84,500 $80,200 $69,100 Long-term debt 145,100 84,100 49,100 Common stock, $10 par 354,000 321,000 308,000 Retained earnings 141,300 112,700 107,400 $724,900 $598,000 $533,600 Coronado Corporation Income Statements For the Years Ended December 31 2022 2021 Sales $744,500 $606,300 Less: Sales returns and allowances 40,900 29,700 Net sales 703,600 576,600 Cost of goods sold 426,600 369,000 Gross profit 277,000 207,600 Operating expenses (including income taxes) 178,496 155,706 Net income $ 98,504 $51,894 Additional information: 1. 2. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. (a) Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to O decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2022 2021 (1) Profit margin % % (2) Gross profit rate % % (3) Asset turnover times times (4) Earnings per share $ (5) Price-earnings ratio times times (6) Payout ratio % % (7) Debt to assets ratio % %
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