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Condensed balance sheet and income statement data for Grouper Corporation are presented here. GROUPER CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $ 31,000

Condensed balance sheet and income statement data for Grouper Corporation are presented here.

GROUPER CORPORATION Balance Sheets December 31

2022

2021

2020

Cash

$ 31,000

$ 21,000

$ 19,000

Accounts receivable (net)

51,000

46,000

49,000

Other current assets

96,000

101,000

70,000

Investments

61,000

76,000

51,000

Plant and equipment (net)

500,000

370,000

358,000

$739,000

$614,000

$547,000

Current liabilities

$ 86,000

$ 81,000

$ 71,000

Long-term debt

151,000

91,000

56,000

Common stock, $10 par

326,000

316,000

306,000

Retained earnings

176,000

126,000

114,000

$739,000

$614,000

$547,000

GROUPER CORPORATION Income Statements For the Years Ended December 31

2022

2021

Sales revenue

$746,000

$606,000

Less: Sales returns and allowances

41,000

31,000

Net sales

705,000

575,000

Cost of goods sold

431,000

356,000

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 Groupers 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

enter percentages

%

enter percentages

% (Round answers to 1 decimal place, e.g. 1.5%.)

Gross profit rate

enter percentages

%

enter percentages

% (Round answers to 1 decimal place, e.g. 1.5%.)

Asset turnover

enter asset turnover in times

times

enter asset turnover in times

times (Round answers to 2 decimal places, e.g. 1.83.)

Earnings per share

$enter earnings per share in dollars

$enter earnings per share in dollars

(Round answers to 2 decimal places, e.g. 1.83.)

Price-earnings ratio

enter price-earnings ratio in times

times

enter price-earnings ratio in times

times (Round answers to 1 decimal place, e.g. 1.5.)

Payout ratio

enter percentages

%

enter percentages

% (Round answers to 0 decimal places, e.g. 15%.)

Debt to assets ratio

enter percentages

%

enter percentages

% (Round answers to 0 decimal places, e.g. 15%.)

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