Condensed balance sheet and income statement data for Flint Corporation are presented here. \begin{tabular}{|c|c|c|c|} \hline & 2022 & 2021 & 2020 \\ \hline Cash & $32,000 & $22,000 & $20,000 \\ \hline Accounts receivable (net) & 52,000 & 47,000 & 50,000 \\ \hline Other current assets & 93,000 & 98,000 & 67,000 \\ \hline Investments & 58,000 & 73,000 & 48,000 \\ \hline \multirow[t]{2}{*}{ Plant and equipment (net) } & 500,000 & 370,000 & 358,000 \\ \hline & $735,000 & $610,000 & $543,000 \\ \hline Current liabilities & $87,000 & $82,000 & $72,000 \\ \hline Long-term debt & 148,000 & 88,000 & 53,000 \\ \hline Common stock, \$10 par & 323,000 & 313,000 & 303,000 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 177,000 & 127,000 & 115,000 \\ \hline & $735,000 & $610,000 & $543,000 \\ \hline \end{tabular} FLINT CORPORATION Income Statements For the Years Ended December 31 \begin{tabular}{|c|c|c|} \hline & 2022 & 2021 \\ \hline Sales revenue & $743,000 & $603,000 \\ \hline Less: Sales returns and allowances & 43,600 & 32,265 \\ \hline Net sales & 699,400 & 570,735 \\ \hline Cost of goods sold & 428,311 & 352,878 \\ \hline Gross profit & 271,089 & 217,857 \\ \hline Operating expenses (including income taxes) & 181,870 & 151,764 \\ \hline Net income & $89,219 & $66,093 \\ \hline \end{tabular} Additional information: 1. The market price of Flint'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 oth answers to 1 decimal place, e.g. 1.8 or 1.8%.) 2022 2021 Profit margin Gross profit rate Asset turnover Earnings per share \$ Price-earnings ratio Payout ratio Debt to assets ratio % % times $ times % % % % times times % % FEINI CORTFURAIIUN Income Statements For the Years Ended December 31 \begin{tabular}{|c|c|c|} \hline & 2022 & 2021 \\ \hline Sales revenue & $743,000 & $603,000 \\ \hline Less: Sales returns and allowances & 43,600 & 32,265 \\ \hline Net sales & 699,400 & 570,735 \\ \hline Cost of goods sold & 428,311 & 352,878 \\ \hline Gross profit & 271,089 & 217,857 \\ \hline Operating expenses (including income taxes) & 181,870 & 151,764 \\ \hline Net income & $89,219 & $66,093 \\ \hline \end{tabular}