Condensed balance sheet and income statement data for Flounder Corporation are presented here. FLOUNDER CORPORATION Balance Sheets December 31 2022 2021 2020 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $33,000 $23,000 $21,000 53,000 48,000 51,000 92,000 97,000 66,000 57,000 72,000 47,000 500,000 370,000 358,000 $735,000 $610,000 $543,000 $88,000 $83,000 $73,000 147,000 87,000 52,000 322,000 312,000 302,000 178,000 128,000 116,000 $735,000 $610,000 $543,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings FLOUNDER CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $742,000 $602,000 43,000 33,000 Less: Sales returns and allowances Net sales 699,000 427,000 569,000 352,000 Cost of goods sold Gross profit 272,000 217,000 Operating expenses (including income taxes) 183,000 153,000 Net income $ 89,000 $64,000 Additional information: 1. The market price of Flounder's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2021 and 2022. 2022 2021 Profit margin % (Round answers to 1 decimal place, e.g. 1.5%.) Gross profit rate (Round answers to 1 decimal place, e.g. 1.5%.) Asset turnover times times (Round answers to 2 decimal places, e.g. 1.83.) Earnings per share $ (Round answers to 2 decimal places, e.g. 1.83.) Price-earnings ratio times times (Round answers to 1 decimal place, e.g. 1.5.) Payout ratio % (Round answers to 0 decimal places, e.g. 15%.) Debt to assets ratio (Round answers to 0 decimal places, e.g. 15%.)