Bramble Corporation Balance Sheets December 31 2022 2021 2020 Cash $ 30,000 $ 17,100 $ 18,800 Accounts receivable (net) 50.900 45.200 48.700 Other current assets 89.400 94,700 64.500 Investments 54.100 70,400 45.500 Property, plant, and equipment (net) 499.100 369,100 357,300 $723,500 $596,500 $534,800 Current liabilities $84.300 $80,000 $ $69.600 Long-term debt 145,600 85,600 49,000 360,000 316,000 312,000 Common stock, $10 par Retained earnings 133.600 114,900 104,200 $723.500 $596,500 $534.800 Bramble Corporation Income Statements For the Years Ended December 31 2022 2021 Sales $738,000 $605,600 39,200 30,700 698.800 574.900 Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) 424,900 370,000 273.900 204.900 183,056 153.159 Net income $ 90,844 $ 51.741 Additional information: 1. 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 2. (a) Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, eg. 1.65. Round payout ratio and debt to assets ratio to O decimal places, eg. 18%. Round all other answers to 1 decimal place, eg. 6.8 or 6.8%) 2022 2021 (1) Profit margin %6 96 (2) Gross profit rate % (3) ) Asset turnover times times (4) Earnings per share $ $ (5) 5) Price-earnings ratio times times (6) Payout ratio % %6 (7) Debt to assets ratio % 96