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Condensed balance sheet and income statement data for Jernigan Corporation are presented here. JERNIGAN CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $31,542 $21,542

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

JERNIGAN CORPORATION Balance Sheets December 31
2014 2013 2012
Cash $31,542 $21,542 $19,542
Accounts receivable (net) 51,542 46,542 49,542
Other current assets 94,749 99,749 68,749
Investments 59,749 74,749 49,749
Plant and equipment (net) 500,000 370,000 358,000
$737,582 $612,582 $545,582
Current liabilities $86,542 $81,542 $71,542
Long-term debt 149,749 89,749 54,749
Common stock, $10 par 324,749 314,749 304,749
Retained earnings 176,542 126,542 114,542
$737,582 $612,582 $545,582

JERNIGAN CORPORATION Income Statements For the Years Ended December 31
2014 2013
Sales revenue $744,749 $604,749
Less: Sales returns and allowances 41,542 31,542
Net sales 703,207 573,207
Cost of goods sold 429,749 354,749
Gross profit 273,458 218,458
Operating expenses (including income taxes) 181,542 151,542
Net income $91,916 $66,916

Additional information:

1. The market price of Jernigans common stock was $6.91, $10.66, and $7.26for 2012, 2013, and 2014, respectively.
2. You must compute dividends paid. All dividends were paid in cash.

(a)Compute the following ratios for 2013 and 2014.(Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)

2014 2013
Profit margin. % %
Gross profit rate. % %
Asset turnover. times times
Earnings per share. $ $
Price-earnings ratio. times times
Payout ratio. % %
Debt to assets ratio. % %

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