Condensed balance sheet and income statement data for Bridgeport Corporation are presented here. BRIDGEPORT CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $ 32,000 $ 22,000 $ 20,000 Accounts receivable (net) 52,000 47,000 50,000 Other current assets 93,000 98,000 67,000 Investments 58,000 73,000 48,000 Plant and equipment (net) 500,000 370.000 358,000 $735,000 $610,000 $543,000 Current liabilities $ 87,000 $ 82,000 $ 72,000 Long-term debt 148,000 88,000 53,000 Common stock, $10 par 323,000 313,000 303,000 Retained earnings 177,000 127,000 115,000 $735,000 $610,000 $543,000 BRIDGEPORT CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $743,000 $603,000 Less: Sales returns and allowances 43,600 32,265 Net sales 699,400 570,735 Cost of goods sold 428,311 352,878 Gross profit 271,089 217,857 Operating expenses (including income taxes) 181,870 151,764 Net income $ 89,219 $ 66,093 Additional information: 1. The market price of Bridgeport's common stock was $7.00, $7.74, and $8.43 for 2020, 2021, and 2022, respectively. 2. You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2021 and 2022. (Round earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) 2022 2021 Profit margin % % Gross profit rate % % Asset turnover times times Earnings per share $ ta $ tA Price-earnings ratio times times Payout ratio % % Debt to assets ratio % %