Condensed balance sheet and income statement data for Jergan Corporation are presented here Balance Sheets December 31 2020 30,000 50,000 90,000 55,000 2019 2018 Cash Accounts receivable (net) Other current assets s20,000 S18,000 45,000 95,000 48,000 54,000 45,000 358,000 Plant and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained carnings $85,000 145,000 320,000 175,000 725,000 $600,000 370,000 25,000 $600,000 $533,000 $80,000 85,000 310,000 125,000 570,000 300,000 113,000 533,000 ergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances Net sales Cost of goads sold Gross profit Operating expenses (including income taxes) Net income 740, 00,Do0 40,000 00,000 425,000 275,000 180,000 30,000 570,000 350,DO 220,000 150,000 S95,00070,000 Additional information 1. The market price of Jergan's common stock was $7.00$7.50, and $8.50 for 2018, 2019, and 2020, respectively 2. You must compute dividends paid. Al dividends were pald in cash 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, eg, 6.8 or 6.8%.) Compute the following ratios for 2019 and 2020. (Round Asset turnover and Ear Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2019 2020 (1) Profit margin 13.57 12.28 0 0 (2) Gross profit rate 39.29 38.60 0 0 (3) Asset turnover 1.06 times 1.01 times (4) Earnings per share X 3.02 2.30 (5) Price-earnings ratio2 82 times 3.27 times (6) Payout ratio 0 47.37 82.86 0 0 (7) Debt to assets ratio0.32 0 0.28 0 0