CONCORD CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $31,000 $21,000 $19,000 Accounts receivable (net) 51,000 46,000 49,000 Other current assets 98,000 103,000 72,000 Investments. 63,000 78,000 53,000 Plant and equipment (net) 500,000 370,000 358,000 $743,000 $618,000 $551,000 Current liabilities $86,000 $81,000 $ 71,000 Long-term debt 153,000 93.000 58,000 Common stock $10 par 328,000 318,000 308,000 Retained earnings 176,000 126,000 114,000 $743,000 $618,000 $551,000 CONCORD CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $748,000 $608,000 Less: Sales returns and allowances 41,000 31,000 Net sales 707,000 577,000 Cost of goods sold 433,000 358,000 Gross profit 274,000 219,000 Operating expenses (including income taxes) 181,000 151,000 Net income $93,000 $68.000 Additional information: 1 The market price of Concord's common stock was $7,00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 2 You must compute dividends paid. All dividends were paid in cash. Profit margin Gross profit rate 2022 % Asset turnover Earnings per share Price-earnings ratio times times Payout ratio Debt to assets ratio % 2021 % 96 times times % %