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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 $ 29,300

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

Jergan Corporation Balance Sheets December 31

2020

2019

2018

Cash

$ 29,300 $ 17,300 $ 17,000

Accounts receivable (net)

49,900 44,100 47,800

Other current assets

90,900 96,000 63,900

Investments

55,200 70,200 45,600

Plant and equipment (net)

500,700 370,600 358,000
$726,000 $598,200 $532,300

Current liabilities

$84,800 $79,100 $70,300

Long-term debt

145,700 85,900 50,800

Common stock, $10 par

348,000 320,000 312,000

Retained earnings

147,500 113,200 99,200
$726,000 $598,200 $532,300

Jergan Corporation Income Statement For the Years Ended December 31

2020

2019

Sales revenue

$743,000 $606,900

Less: Sales returns and allowances

40,000 29,500

Net sales

703,000 577,400

Cost of goods sold

427,400 371,500

Gross profit

275,600 205,900

Operating expenses (including income taxes)

184,210 148,160

Net income

$ 91,390 $ 57,740

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

enter your answer rounded to 1 decimal place % enter your answer rounded to 1 decimal place %
(2)

Gross profit rate

enter your answer rounded to 1 decimal place % enter your answer rounded to 1 decimal place %
(3)

Asset turnover

enter your answer rounded to 2 decimal places times enter your answer rounded to 2 decimal places times
(4)

Earnings per share

$enter your answer rounded to 2 decimal places $enter your answer rounded to 2 decimal places
(5)

Price-earnings ratio

enter your answer rounded to 1 decimal place times enter your answer rounded to 1 decimal place times
(6)

Payout ratio

enter your answer rounded to 0 decimal places % enter your answer rounded to 0 decimal places %
(7)

Debt to assets ratio

enter your answer rounded to 0 decimal places % enter your answer rounded to 0 decimal places %

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