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Compute the following ratios for 2021 and 2022. 2022 2021 Profit margin % Gross profit rate % % Asset turnover times times $ $ $
Compute the following ratios for 2021 and 2022. 2022 2021 Profit margin % Gross profit rate % % Asset turnover times times $ $ $ Earnings per share Price-earnings ratio (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 2 decimal places, e.g. 1.83.) (Round answers to 2 decimal places, e.g. 1.83.) (Round answers to 1 decimal place, e.g. 1.5.) (Round answers to o decimal places, e.g. 15%.) (Round answers to o decimal places, e.g. 15%.) times times Payout ratio % Debt to assets ratio % % Condensed balance sheet and income statement data for Blue Corporation are presented here. BLUE CORPORATION Balance Sheets December 31 2022 2021 Cash $31,000 $ 21,000 Accounts receivable (net) 51,000 46,000 Other current assets 95,000 100,000 Investments 60,000 75,000 Plant and equipment (net) 500,000 370,000 $737,000 $612,000 Current liabilities $ 86,000 $ 81,000 Long-term debt 150,000 90,000 Common stock, $10 par 325,000 315,000 Retained earnings 176,000 126,000 $737,000 $612,000 2020 $ 19,000 49,000 69,000 50,000 358,000 $545,000 $ 71,000 55,000 305,000 114,000 $545,000 BLUE CORPORATION Income Statements For the Years Ended December 31 2022 Sales revenue $745,000 Less: Sales returns and allowances 41,000 Net sales 704,000 Cost of goods sold 430,000 Gross profit 274,000 Operating expenses (including income taxes) 181,000 Net income $93,000 2021 $605,000 31,000 574,000 355,000 219,000 151,000 $ 68,000 Additional information: 1. The market price of Blue's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2
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