Ch 18: Homework Question 5 of 5 -/1 View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Jergan Corporation are presented here Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ $29.300 $ 17,300 $ 16,400 45.900 Accounts recevable (net) 49.000 47,000 Other current assets 89 600 94 300 63,800 55.900 69 200 45,800 Plant and equipment (net) 499.600 370.200 357,400 $531,100 $724,100 $596000 Current liabilities $84.200 500.000 $70,300 145.900 34.500 49.900 Long-term debt Common stock $10 par 333.000 314,000 314,000 116.700 Retained earnings 161.000 96.900 $724,100 $596,000 $531,100 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $736.500 5605.500 30.000 Less: Sales returns and allowances 29.500 697000 575,500 425.500 367 500 Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) 271.500 208.000 180 890 150,450 Net Income $90.610 $57.550 Additional information: 1 The market price of Jergan's common stock was $7.00.57.50, and 58.50 for 2018, 2019 and 2020. respectively. You must compute dividends paid. All dividends were paid in cash 2. (a) Compute the following ratios for 2019 and 2020. (Round Asset turnover and Earnings per share to 2 decimal places, eg. 1.65. Round payout ratio and debt to assets ratio to decimal places, eg, 18. Round all other answers to 1 decimal place, eg 6.8 or 6.8%.) 2019 2020 (1) Profit margin 9 12 Gross profit rate 13] Asset turnover times times Earnings per share $ $ $ 15) Price-camnings ratio times times 16) Payout ratio 17) Debt to assets ratio 93 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit