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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

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 $ 17,300 $ 17,100

Accounts receivable (net)

49,500 45,800 49,000

Other current assets

89,800 95,700 63,900

Investments

55,100 69,300 45,600

Plant and equipment (net)

500,800 369,900 358,000
$724,900 $598,000 $533,600

Current liabilities

$84,500 $80,200 $69,100

Long-term debt

145,100 84,100 49,100

Common stock, $10 par

354,000 321,000 308,000

Retained earnings

141,300 112,700 107,400
$724,900 $598,000 $533,600

Jergan Corporation Income Statement For the Years Ended December 31

2020

2019

Sales revenue

$744,500 $606,300

Less: Sales returns and allowances

40,900 29,700

Net sales

703,600 576,600

Cost of goods sold

426,600 369,000

Gross profit

277,000 207,600

Operating expenses (including income taxes)

178,496 155,706

Net income

$ 98,504 $ 51,894

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

enter your answer rounded to 1 decimal place % enter your answer rounded to 1 decimal place %
(2)

Gross profit rate

enter your answer rounded to 1 decimal place % enter your answer rounded to 1 decimal place %
(3)

Asset turnover

enter your answer rounded to 2 decimal places times enter your answer rounded to 2 decimal places times
(4)

Earnings per share

$enter your answer rounded to 2 decimal places $enter your answer rounded to 2 decimal places
(5)

Price-earnings ratio

enter your answer rounded to 1 decimal place times enter your answer rounded to 1 decimal place times
(6)

Payout ratio

enter your answer rounded to 0 decimal places % enter your answer rounded to 0 decimal places %
(7)

Debt to assets ratio

enter your answer rounded to 0 decimal places % enter your answer rounded to 0 decimal places %

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