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

Jergan Corporation Balance Sheets December 31
		2020			2019			2018
Cash		$ 29,100			$ 17,400			$ 17,800
Accounts receivable (net)		50,000			44,700			47,500
Other current assets		90,100			95,700			63,500
Investments		54,500			70,600			44,000
Plant and equipment (net)		500,500			370,700			358,200
		$724,200			$599,100			$531,000
Current liabilities		$85,000			$80,500			$69,100
Long-term debt		144,900			84,200			49,500
Common stock, $10 par		342,000			311,000			299,000
Retained earnings		152,300			123,400			113,400
		$724,200			$599,100			$531,000

Jergan Corporation Income Statement For the Years Ended December 31
		2020			2019
Sales revenue		$737,000			$605,400
Less: Sales returns and allowances		39,900			31,000
Net sales		697,100			574,400
Cost of goods sold		424,400			370,500
Gross profit		272,700			203,900
Operating expenses (including income taxes)		182,077			146,460
Net income		$ 90,623			$ 57,440

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.

(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 10 % 13 % (2) Gross profit rate 35.5 % 39.1 % (3) Asset turnover 1.02 times 1.05 times (4) Earnings per share $ 1.85 $ 2.65 (5) Price-earnings ratio 4.1 times 3.2 times (6) Payout ratio 83 % 68 % (7) Debt to assets ratio 27 % 32 %