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Condensed balance sheet and income statement data for Blue Corporation are presented here. BLUE CORPORATION Income Statements For the Years Ended December 31 Sales revenue

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Condensed balance sheet and income statement data for Blue Corporation are presented here. BLUE CORPORATION Income Statements For the Years Ended December 31 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit \begin{tabular}{rrr} \hline 38,975 & & 28,500 \\ \cline { 3 - 3 } & & 574,500 \\ 428,220 & & 352,924 \\ \hline 275,805 & & 221,576 \end{tabular} Operating expenses (including income taxes) Net income \begin{tabular}{ll} $94,469181,336 & $70,644 \\ \hline \end{tabular} (a) Compute the following ratios for 2021 and 2022. (Round earnings per shore ond asset turnover to 2 decimal places, eg 1.83 and all othe answers to 1 decimal place, eg. 1.8 or 1.8% J

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