Cash $18,000 Accounts receivable (net) $ 30,000 50,000 90,000 $20,000 45,000 95,000 48,000 64,000 Other current assets Investments 55,000 70,000 45,000 Plant and equipment (net) 500,000 $725,000 370,000 $600,000 358,000 $533,000 Current liabilities $85,000 $80,000 $70,000 Long-term debt Common stock, $10 par Retained earnings 145,000 320,000 175,000 $725,000 85,000 310,000 125,000 $600,000 50,000 300,000 113,000 $533,000 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $740,000 $600,000 Less: Sales returns and allowances 40,000 30,000 Net sales 700,000 570,000 Cost of goods sold 425,000 350,000 275,000 220,000 Gross profit Operating expenses (including income taxes) Net income $ 95,000 $70,000 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. (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%.) 2019 2020 (1) Profit margin de (2) Gross profit rate de (3) Asset turnover times times (4) Earnings per share $ (5) Price-earnings ratio times times (6) Payout ratio (7) Debt to assets ratio