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Condensed balance sheet and income statement data for Bramble Corporation are presented here BRAMBLE CORPORATION Balance Sheets December 31 2019 2018 2017 Cash Accounts receivable
Condensed balance sheet and income statement data for Bramble Corporation are presented here BRAMBLE CORPORATION Balance Sheets December 31 2019 2018 2017 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $31,000 21,000 19,000 51,000 95,000 60,000 49,000 69,000 50,000 370,000358,000 46,000 100,000 75,000 500,000 3701 $737,000 612,000 $545,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings $86,000 81,000 71,000 90,000 315,000 126,000 $737,000 $612,000 $545,000 150,000 325,000 176,000 55,000 305,000 114,000 BRAMBLE CORPORATION Income Statements For the Years Ended December 31 2019 2018 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income $745,000 $605,000 31,000 704,000 574,000 430,000 355,000 274,000 219,000 151,000 $93,000 68,000 41,000 181,000 Additional information: The market price of Bramble's common stock was $7.00, $7.50, and $8.50 for 2017, 2018, and 2019, respectively You must compute dividends paid. All dividends were paid in cash 1. 2. Compute the following ratios for 2018 and 2019. (Round answers to 2 decimal places, eg, 1.83 or 1.83%.) 2019 2018 Profit margin Gross profit rate Asset turnover times times Earnings per share Price-earnings ratio Payout ratio Debt to assets ratio times times
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