aded for Condensed balance sheet and income statement data for Blue Corporation are presented here. (Part Level by Study BLUE CORPORATION Balance Sheets December 31 2017 Cash $ 31,000 Accounts receivable (net) 51,000 Other current assets 93,000 Investments 58,000 Plant and equipment (net) 500,000 $733,000 Current liabilities $ 86,000 Long-term debt 148,000 Common stock, $10 par 323,000 Retained earnings 176,000 $733,000 2016 $ 21,000 46,000 98,000 73.000 370,000 $600,000 2015 $ 19,000 49,000 67,000 48,000 358,000 $541,000 $ 81,000 88,000 313,000 126,000 $608,000 $ 71,000 53,000 303,000 114,000 5541,000 BLUE CORPORATION Income Statements For the Years Ended December 31 2017 Sales revenue $743,000 Less: Sales returns and allowances 41,000 Net sales 702,000 Cost of goods sold 428,000 Gross profit 274,000 Operating expenses (including income taxes) 181,000 Net income $ 93,000 ly 2016 $603,000 01.000 572,000 353,000 219,000 151,000 $68,000 Additional information: 1. The market price of Blue's common stock was $7.00, 57.50 and $8.50 for 2015, 2016, and 2017, respectively 2. You must compute dividends pald. All dividends were paid id cash (a) Compute the following ratios for 2015 and 2017. (Round dannos per share and asset turnover to declusal places 1.83 and all other answers to dechia place. e.o. 1.8 or 1.846.) 2017 2016 Profit margin % % Gross profit rate % % Asset turnover times times Earnings per share $ Price-earnings ratio times times Payout ratio % Debt to assets ratio %