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			$ 17,100			$ 17,600
Accounts receivable (net)		49,000			45,900			47,800
Other current assets		90,300			94,300			63,400
Investments		55,600			69,600			45,100
Plant and equipment (net)		500,800			370,400			357,600
		$725,400			$597,300			$531,500
Current liabilities		$85,900			$80,700			$70,100
Long-term debt		145,800			84,800			49,500
Common stock, $10 par		348,000			313,000			309,000
Retained earnings		145,700			118,800			102,900
		$725,400			$597,300			$531,500

Jergan Corporation Income Statement For the Years Ended December 31
		2020			2019
Sales revenue		$742,500			$606,300
Less: Sales returns and allowances		39,500			30,500
Net sales		703,000			575,800
Cost of goods sold		425,800			367,000
Gross profit		277,200			208,800
Operating expenses (including income taxes)		192,840			145,462
Net income		$ 84,360			$ 63,338

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. Where necessary, compute a simple average number of shares to approximate the weighted average number of shares.

				2019			2020
(1)		Profit margin		enter a percentage number rounded to 1 decimal place	%		enter a percentage number rounded to 1 decimal place	%
(2)		Gross profit rate		enter a percentage number rounded to 1 decimal place	%		enter a percentage number rounded to 1 decimal place	%
(3)		Asset turnover		enter a number rounded to 2 decimal places	times		enter a number rounded to 2 decimal places	times
(4)		Earnings per share		$enter a dollar amount rounded to 2 decimal places			$enter a dollar amount rounded to 2 decimal places
(5)		Price-earnings ratio		enter a number rounded to 1 decimal place	times		enter a number rounded to 1 decimal place	times
(6)		Payout ratio		enter a percentage number rounded to 0 decimal places	%		enter a percentage number rounded to 0 decimal places	%
(7)		Debt to assets ratio		enter a percentage number rounded to 0 decimal places	%		enter a percentage number rounded to 0 decimal places	%