Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 29,700 $ 17,300 $ 17,100 Accounts receivable (net) 49,500 45,800 49,000 Other current assets 89.800 95,700 63,900 Investments 55,100 69,300 45,600 Plant and equipment (net) 500,800 369.900 358,000 $724,900 $ 598,000 $ 533,600 Current liabilities $ 84,500 $ 80,200 $ 69,100 Long-term debt 145,100 84,100 49.100 Common stock, $10 par 354,000 321,000 308,000 Retained earnings 141,300 112,700 107,400 $724,900 $ 598,000 $ 533,600 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $ 744,500 $ 606,300 Less: Sales returns and allowances 40.900 29,700 Net sales 703,600 576,600 426,600 369.000 277,000 207,600 Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 178,496 155,706 $ 98,504 $ 51,894 Additional information: 1 The market price of Jergan's common stock was $7.00, $ 750, 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, eg. 1.65. Round payout ratio and debt to assets ratio to O decimal places, eg 18%. Round all other answers to 1 decimal place, eg. 6.8 or 6.8%) 2019 2020 (1) Profit margin 9 * % 14 % (2) ) Gross profit rate 36 % 39.11 % (3) Asset turnover 102 times 106 times (4) Earnings per share $ 165 S 292 (5) Price-earnings ratio 40 times 3.06 times (6) Payout ratio 82.59 % 68.11 > (7) Debt to assets ratio 276 % 317 96