Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 30,000 $ 17,300 $ 17,300 Accounts receivable (net) 50.900 44,500 48,600 A Other current assets 90,100 94,800 64,900 Investments 54,700 70,600 44,600 Plant and equipment (net) 500,600 370,000 358.700 $726,900 $597,200 $534,100 Current liabilities $85,600 $79.000 $70,700 144,200 85,000 50.900 Long-term debt Common stock, $10 par 384.000 319,000 308.000 Retained earnings 113,100 114,200 104.500 $726.900 $597,200 S534,100 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $736,500 $605,600 Less: Sales returns and allowances 40.200 31,000 Net sales 696,300 574,600 Cost of goods sold 424,600 372.000 Gross profit 271,700 202,600 Operating expenses including income taxes) 181,181 150,886 Net Income $ 90,519 $51714 Additional information: 1 The market price of Jergan's common stock was $7.00.57.50, 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. Where necessary, compute a simple average number of shares to approximate the weighted average number of shares. (Round Asset tumover and Earnings per share to 2 decimal places, eg 1.45. Round payout ratio and debt to assets ratio to decimal places, s 18%. Round all other answers to 1 decimal place, ag. 6.8 or 6.8%) 2019 2020 (1) Profit margin 96 96 (2) Gross proftrate 96 (3) Asset turnover times times (4) Earnings per share $ $ (5) ) Price earnings ratio times times (6) Payout ratio 96 96 ) 173 Debt to assets ratio * e Textbook and Media Safe Attempts: 0 of 3 used Submit