Condensed balance sheet and income statement data for Jergan Corporation are presented here. JERGAN CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $30,000 $20,000 $ 18,000 Accounts receivable (net) 50,000 45,000 48,000 Other current assets 90,000 95,000 64,000 Investments 55,000 70,000 45,000 Property, plant, and equipment (net) 500,000 370,000 358,000 $725,000 $600,000 $533,000 Current liabilities $85,000 $80,000 $70,000 Long-term debt 145.000 85,000 50,000 Common stock, $10 par 320,000 310.000 300,000 Retained earnings 175,000 125,000 113,000 $725,000 $600,000 $533,000 JERGAN CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales $740,000 $600,000 Less: Sales returns and allowances 40,000 30,000 Net sales 700,000 570,000 Cost of goods sold 425,000 350,000 Gross profit 275,000 220,000 Operating expenses (including income taxes) 180,000 150,000 Net income $95,000 $70,000 Additional information: The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 1. 2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration (a) Compute the following ratios for 2021 and 2022. (Round profit margin, gross profit rate and price-earnings ratio to 1 decimal place, eg. 1.8 or 1.8%. Round asset turnover and earnings per share to 2 decimal places, eg. 1.25. Round payout ratio and debt to assets ratio to O decimal places, e.g. 25%) Profit margin Gross profit rate Asset turnover Earnings per share Price-earnings ratio Payout ratio Debt to assets ratio: 2022 2021 % % times times times times % %