Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2019 2020 2018 $29,100 $17,400 $17,800 Cash Accounts receivable (net) 50,000 44,700 47,500 Other current assets 90,100 95,700 63,500 Investments 70,600 44,000 54,500 Plant and equipment (net) 500,500 370,700 358,200 $724,200 $599,100 $531,000 Current liabilities $85,000 $80,500 $69,100 144,900 Long-term debt 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 $737,000 $605,400 Sales revenue 31,000 Less: Sales returns and allowances 39,900 Net sales 697,100 574,400 424,400 Cost of goods sold 370,500 203,900 Gross profit 272,700 146,460 Operating expenses (including income taxes) 182,077 $90,623 $57,440 Net income Additional information: The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. 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 O decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 2019 2020 Profit margin (1) % % (2) Gross profit rate % (3) times times Asset turnover (4) $ $ Earnings per share (5) Price-earnings ratio times times (6) Payout ratio (7) Debt to assets ratio % % tA