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

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 receivable (net) 49,000 44,000 47,000 Other current assets 89,000 94,000 63.000 Investments 54,000 69,000 44,000 Plant and equipment (net) 499,000 369,000 357,000 $ 720,000 $ 592,000 $ 528.000 Current liabilities $ 84,000 $ 79,000 $ 69,000 Long-term debt 144,000 84,000 49,000 Common stock, $10 par 315,000 309,000 295,000 Retained earnings 177,000 120,000 115,000 $ 720,000 $592,000 $ 528,000 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $ 735,000 $ 605,000 Less: Sales returns and allowances 39,000 29,000 Net sales 696,000 576,000 Cost of goods sold 426.000 365,000 Gross profit 270,000 211,000 Operating expenses (including income taxes) 179,520 147,640 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. You must compute dividends paid. All dividends were paid in cash. 2. (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 % % (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 % %