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Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 29,700

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

Jergan Corporation Balance Sheets December 31

2020

2019

2018

Cash $ 29,700 $ 17,100 $ 17,600
Accounts receivable (net) 49,000 45,900 47,800
Other current assets 90,300 94,300 63,400
Investments 55,600 69,600 45,100
Plant and equipment (net) 500,800 370,400 357,600
$725,400 $597,300 $531,500
Current liabilities $85,900 $80,700 $70,100
Long-term debt 145,800 84,800 49,500
Common stock, $10 par 348,000 313,000 309,000
Retained earnings 145,700 118,800 102,900
$725,400 $597,300 $531,500

Jergan Corporation Income Statement For the Years Ended December 31

2020

2019

Sales revenue $742,500 $606,300
Less: Sales returns and allowances 39,500 30,500
Net sales 703,000 575,800
Cost of goods sold 425,800 367,000
Gross profit 277,200 208,800
Operating expenses (including income taxes) 192,840 145,462
Net income $ 84,360 $ 63,338

Additional information:

1. The market price of Jergans 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 Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to 0 decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

2019

2020

(1) Profit margin

%

%
(2) Gross profit rate

%

%
(3) Asset turnover

times

times
(4) Earnings per share $

$

(5) Price-earnings ratio

times

times
(6) Payout ratio

%

%
(7) Debt to assets ratio

%

%

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