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Additional information:1.The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively.2.You must compute dividends paid. All dividends

Additional information:1.The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively.2.You must compute dividends paid. All dividends were paid in cash.(a)Compute the following ratios for 2019 and 2020.

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Question 5 of 5 # 2020 2019 2018 Cash $ 30,000 $ 16,000 $ 18.500 Accounts receivable (net) 50,500 44,200 47.300 Other current assets 89.100 94.500 64.200 Investments 54,900 71,000 45,800 Plant and equipment (net) 500,200 ' 370,800 357,000 $724,700 $596,500 $532,800 Current liabilities $85,700 $79,400 $70,400 Long-term debt 144,400 84,800 49,600 Common stock, $10 par 381,000 318,000 302,000 Retained earnings 113,600 1 14,300 110,800 $724,700 $596,500 $532,800 Jergan Corporation Income Statement For the Years Ended December 31 2020 Sales revenue $745,000 $606,000 Less: Sales returns and allowances 40,800 30,200 Net sales 704,200 575,800 Cost of goods sold 425,800 367,000 Gross prot 278,400 208,800 Operating expenses (including income taxes) 186,854 151,220 Net income in 91,546 $ 57,580

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