Condensed balance sheet and income statement data for Bridgeport Corporation are presented here. BRIDGEPORT CORPORATION Balance Sheets December 31 2027 2026 2025 Cash $31,400 $ 21,400 $ 19,400 Accounts receivable (net) 51,400 46,400 49,400 Other current assets 93,000 98,000 67,000 Investments 58,000 73,000 48,000 Property, plant, and equipment (net) 500.000 370.000 358,000 $733,800 $608,800 $541,800 Current liabilities $ 86,400 $81,400 $71,400 Long-term debt 148,000 88,000 53,000 Common stock, $10 par 323,000 313.000 303,000 Retained earnings 176,400 126,400 114,400 $733,800 $608,800 $541,800 BRIDGEPORT CORPORATION Income Statements For the Years Ended December 31 2027 2026 Sales $743,000 $603,000 Less: Sales returns and allowances 41,400 31,400 Net sales 701,600 571,600 Cost of goods sold 428,000 353.000 Gross profit 273,600 218.600 Operating expenses (including income taxes) 181,400 151,400 Net income $92,200 $ 67,200 Additional information: 1. The market price of Bridgeport's common stock was $7.00, $7.50, and $8.50 for 2025, 2026, and 2027, respectively. 2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. (a) Compute the following ratios for 2026 and 2027. (Round profit margin, gross profit rate and price-earnings ratio to 1 decimal place, e.g. 1.8 or 1.8%. Round asset turnover and earnings per share to 2 decimal places, e.g. 1.25. Round payout ratio and debt to assets ratio to O decimal places, e.g. 25%.) Profit margin Gross profit rate Asset turnover Earnings per share $ Price-earnings ratio Payout ratio 2027 % % times 2.9 times % $ 2026 % % times 3.5 times % Debt to assets ratio 32 % 27.8 %