Condensed balance sheet and income statement data for Cheyenne Corporation are presented here. Cheyenne Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 31,000 $21,000 $19,000 Accounts receivable (net) 51,000 46,000 49,000 Other current assets 97,000 102,000 71,000 Investments 62,000 77,000 52,000 Plant and equipment (net) 500,000 370,000 358,000 $741,000 $616,000 $549,000 Current liabilities $ 86,000 $81,000 $71,000 Long-term debt 152,000 92,000 57,000 Common stock, $10 par 327,000 317,000 307,000 Retained earnings 176,000 126,000 114,000 $741,000 $616,000 $549,000 Cheyenne Corporation Income Statements For the Years Ended December 31 2020 2019 Sales revenue $747,000 $607,000 Less: Sales returns and allowances 41,000 31,000 Net sales 706,000 576,000 Cost of goods sold 432,000 357,000 Gross profit 274,000 219,000 Operating expenses (including income taxes) 181,000 151,000 Net income $93,000 $68,000 Additional information: 1. The market price of Cheyenne's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 2. You must compute dividends paid. All dividends were paid in cash. (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 % %