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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 $ 30,400

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

Jergan Corporation Balance Sheets December 31

2020

2019

2018

Cash $ 30,400 $ 16,000 $ 17,700
Accounts receivable (net) 50,500 45,600 47,200
Other current assets 89,000 95,200 64,100
Investments 55,800 69,700 45,000
Plant and equipment (net) 499,000 369,400 357,600
$724,700 $595,900 $531,600
Current liabilities $85,100 $80,600 $70,600
Long-term debt 145,000 85,100 49,600
Common stock, $10 par 318,000 313,000 297,000
Retained earnings 176,600 117,200 114,400
$724,700 $595,900 $531,600

Jergan Corporation Income Statement For the Years Ended December 31

2020

2019

Sales revenue $740,500 $605,300
Less: Sales returns and allowances 39,900 29,500
Net sales 700,600 575,800
Cost of goods sold 425,800 373,500
Gross profit 274,800 202,300
Operating expenses (including income taxes) 183,722 144,720
Net income $ 91,078 $ 57,580

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.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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