Condensed balance sheet and income statement data for Ayayai Corporation are presented here. 2019 Ayayai Corporation Balance Sheets December 31 2020 Cash $ 33,000 Accounts receivable (net) 53,000 Other current assets 95,000 Investments 60,000 Plant and equipment (net) 500,000 $741,000 Current liabilities $ 88,000 Long-term debt 150,000 Common stock, $10 par 325,000 Retained earnings 178,000 $741,000 $ 23,000 48,000 100,000 75,000 370,000 $616,000 $ 83,000 90,000 315,000 128,000 $616,000 2018 $ 21,000 51,000 69,000 50,000 358,000 $549,000 $ 73,000 55,000 305,000 116,000 $549,000 2019 Ayayai Corporation Income Statements For the Years Ended December 31 2020 Sales revenue $745,000 Less: Sales returns and allowances 43,000 Net sales 702,000 Cost of goods sold 430,000 Gross profit 272,000 Operating expenses (including income taxes) 183,000 Net income $ 89,000 $605,000 33,000 572,000 355,000 217,000 153,000 $ 64,000 Additional information: 1. The market price of Ayayai's common stock was $7.00, $7.50, and $8.50 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 answers to 2 decimal places, e.g. 1.83 or 1.83%.) 2020 2019 Profit margin % % Gross profit rate % % Asset turnover times times Earnings per share $ Price-earnings ratio times times Payout ratio % % Debt to assets ratio % %