Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 17,100 $ 18,800 $ 30,000 50,900 45,200 48,700 Accounts receivable (net) Other current assets 89,400 94,700 64,500 Investments 54.100 70,400 45.500 Plant and equipment (net) 499,100 369.100 357,300 $ 723,500 $ 596,500 $ 534,800 $ 80,000 $ 69,600 $ 84,300 145,600 85,600 49,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings 360,000 316,000 312,000 133,600 114,900 104,200 $ 723,500 $ 596,500 $534,800 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 $ 738,000 39,200 698,800 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income $ 605,600 30,700 574,900 370,000 204,900 424.900 273.900 183,056 153.159 $ 90,844 $ 51,741 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, 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 96 96 (2) Gross profit rate 96 96 (3) Asset turnover times times (4) Earnings per share $ (5) Price-earnings ratio times times (6) Payout ratio 96 96 (7) Debt to assets ratio 96 96