6. Payout Ratio and 7. debt to asset ratio

Wildhorse Corporation Income Statement For the Years Ended December 31 Sales Less; Sales returns and allowances Netsales Cost of goods sold Gross'profit $737,0002022$605,2002021 Operating expenses (including income taxes) Net income 1. The market price of Wildhorse's common stock was $7.00,$7.50, and $8.50 for 2020,2021 , and 2022, respectively. 2. 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 ploces, eg. 1.65. Round payout rotio and debt to assets ratio to O decimal places, es. 18%. Round all other answers to 1 decimal place, es. 6.8 ar 6.8%.)