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

Jergan Corporation

Balance Sheets

December 31

2020 2019 2018

Cash$ 29,000$ 16,000$ 17,000

Accounts 49,000 44,000 47,000

receivables (net)

Other 89,000 4,000 63,000

current assets

Investment 54,000 69,000 44,000

Plant and 499,000 369,000 357,000

equipment

$720,000 $592,000 $528,000

Current $84,000 $79,000 $69,000

liabilities

Long-term 144,000 84,000 49,000

debt

Common stock, 15,000 309,000 295,000

$10 par

Retained 177,000 120,000 115,000

earnings

$720,000 $592,000 $528,000

Jergan Corporation

Income Statement

For the Years Ended December 31

2019 2020

sales $735,000 $605,000

revenue

Less: Sales 39,000 29,000

returns and allowances

Net sales 696,000 576,000

Cost of goods 426,000 365,000

sold

Gross profit 270,000 211,000

Operating 179,520 147,640

expenses

Net income $90,480$ 63,360

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. 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%.)