Condensed balance sheet and income statement data for Indigo Corporation are presented here. Indigo Corporation Balance Sheets December 31 2020 2019 2018 Cash $21,000 $19,000 $31,000 Accounts receivable (net) 49,000 51,000 46,000 other current assets 96,000 101,000 70,000 Investments 61,000 76,000 51,000 Plant and equipment (net) 370,000 358,000 500,000 $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 306,000 326,000 316,000 Retained earnings 176,000 126,000 114,000 $739,000 $614,000 $547,000 Indigo Corporation Income Statements For the Years Ended December 31 2019 2020 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 93,000 $68,000 Net income Additional information: The market price of Indigo's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. You must compute dividends paid. All dividends were paid in cash 2. (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 12.47 % % 11.22 X Gross profit rate 36.73 % % 36.14 times Asset turnover 1.04 times 1.10 Earnings per share 2.15 2.85 X Price-earnings ratio 3.49 times 2.98 times X Payout ratio % % 46.32 82.33 X Debt to assets ratio 20.43 % % 14.82 Click if vou wOuld like to Show Work for this question: Open Show Work 96 Your answer is partially correct. Try again. Condensed balance sheet and income statement data for Indigo Corporation are presented here. Indigo Corporation Balance Sheets December 31 010 2020 201 Cash $31,000 $19,000 $21,000 Accounts receivable (net) 49,000 51,000 46,000 Other current assets 101,000 70,000 96,000 51,000 61,000 76,000 Investments 370,000 358,000 Plant and equipment (net) 500,000 $614,000 $547,000 $739,000 $ 81,000 $71,000 86,000 Current liabilities 56,000 151,000 91,000 Long-term debt 306,000 326,000 316,000 Common stock, $10 par 126,000 114,000 176,000 Retained earnings $547,000 $614,000 $739,000 ment Indigo Corporation Income Statements For the Years Ended December 31 2010 Sales revenue $746,000 $606,000 Less: Sales returns and allowances 41,000 31,000 Net sales 575,000 705,000 431,000 Cost of goods sold 356,000 Gross profit 274,000 219,000 Operating expenses (indluding income taxes) 181,000 151,000 $ 93,000 $ 68,000 Net income Additional information: The market price of Indigo's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. You must compute dividends paid. All dividends were paid in cash. 2. (a) Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, e.g. 1.83 or 1.83%.) 2020 2019 search Condensed balance sheet and income statement data for Indigo Corporation are presented here. Indigo Corporation Balance Sheets December 31 2020 2019 2018 Cash $21,000 $19,000 $31,000 Accounts receivable (net) 49,000 51,000 46,000 other current assets 96,000 101,000 70,000 Investments 61,000 76,000 51,000 Plant and equipment (net) 370,000 358,000 500,000 $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 306,000 326,000 316,000 Retained earnings 176,000 126,000 114,000 $739,000 $614,000 $547,000 Indigo Corporation Income Statements For the Years Ended December 31 2019 2020 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 93,000 $68,000 Net income Additional information: The market price of Indigo's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. You must compute dividends paid. All dividends were paid in cash 2. (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 12.47 % % 11.22 X Gross profit rate 36.73 % % 36.14 times Asset turnover 1.04 times 1.10 Earnings per share 2.15 2.85 X Price-earnings ratio 3.49 times 2.98 times X Payout ratio % % 46.32 82.33 X Debt to assets ratio 20.43 % % 14.82 Click if vou wOuld like to Show Work for this question: Open Show Work 96 Your answer is partially correct. Try again. Condensed balance sheet and income statement data for Indigo Corporation are presented here. Indigo Corporation Balance Sheets December 31 010 2020 201 Cash $31,000 $19,000 $21,000 Accounts receivable (net) 49,000 51,000 46,000 Other current assets 101,000 70,000 96,000 51,000 61,000 76,000 Investments 370,000 358,000 Plant and equipment (net) 500,000 $614,000 $547,000 $739,000 $ 81,000 $71,000 86,000 Current liabilities 56,000 151,000 91,000 Long-term debt 306,000 326,000 316,000 Common stock, $10 par 126,000 114,000 176,000 Retained earnings $547,000 $614,000 $739,000 ment Indigo Corporation Income Statements For the Years Ended December 31 2010 Sales revenue $746,000 $606,000 Less: Sales returns and allowances 41,000 31,000 Net sales 575,000 705,000 431,000 Cost of goods sold 356,000 Gross profit 274,000 219,000 Operating expenses (indluding income taxes) 181,000 151,000 $ 93,000 $ 68,000 Net income Additional information: The market price of Indigo's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. You must compute dividends paid. All dividends were paid in cash. 2. (a) Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, e.g. 1.83 or 1.83%.) 2020 2019 search