Condensed balance sheet and income statement data for Jergan Corporation are presented here. Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) Jergan Corporation Balance Sheets December 31 2020 2019 $ 30,100 $ 16,600 49,300 45,000 89,000 94,300 55,500 69,400 499,500 370,700 $723,400 $596,000 $84,300 $79,000 145,400 84,300 363,000 311,000 130,700 121,700 $723,400 $596,000 2018 $ 17,500 48,200 63,700 46,000 357,700 $533,100 Current liabilities Long-term debt Common stock, $10 par Retained earnings $70,500 50,400 301,000 111,200 $533,100 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income $741,500 40,200 701,300 426,500 274,800 183.631 $ 91,169 $606,000 29,500 576,500 369,500 207,000 149,350 $ 57,650 Additional information: 1. 2. 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. (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 % %