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Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout ratio and
Compute the following ratios for 2021 and 2022. (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%.) (a) (1) Profit margin (2) Gross profit rate (3) Asset turnover (4) Earnings per share $ (5) Price-earnings ratio (6) Payout ratio (7) Debt to assets ratio 2022 % % times times % do $ 2021 % % times times % do do % % Coronado Corporation Balance Sheets December 31 2022 2021 2020 Cash $30,100 $ 16,600 $17,500 Accounts receivable (net) 49,300 45,000 48,200 Other current assets 89,000 94,300 63,700 Investments 55,500 69,400 46,000 Property, plant, and equipment (net) 499,500 370,700 357,700 $723,400 $596,000 $533,100 Current liabilities $84,300 $79,000 $70,500 Long-term debt 145,400 84,300 50,400 Common stock, $10 par 363,000 311,000 301,000 Retained earnings 130,700 121,700 111,200 $723,400 $596,000 $533,100 Coronado Corporation Income Statements For the Years Ended December 31 2022 2021 Sales $741,500 $606,000 Less: Sales returns and allowances 40,200 29,500 Net sales 701,300 576,500 Cost of goods sold 426,500 369,500 Gross profit 274,800 207,000 Operating expenses (including income taxes) 183,631 149,350 Net income $91,169 $ 57,650 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. 2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration
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