Condensed balance sheet and income statement data for Martinez Corporation are presented here. MARTINEZ CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $32,000 $22,000 $20,000 Accounts receivable (net) 52,000 47,000. 50,000 Other current assets 94,000 99,000 68,000 Investments 59,000 74,000 49,000 Plant and equipment (net) 500,000 370,000 358,000 $737,000 $612,000 $545,000 Current liabilities $87,000 $82,000 $72,000 Long-term debt 149,000 89,000 54,000 Common stock, $10 par 324,000 314,000 304,000 Retained earnings 177,000 127,000 115,000 $737.000 $612,000 $545,000 MARTINEZ CORPORATION Income Statements For the Years Ended December 31 MARTINEZ CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $744,000 $604,000 Less: Sales returns and allowances 42,000 32,000 Net sales 702,000 572,000 Cost of goods sold 429,000 354,000 Gross profit 273,000 218,000 Operating expenses (including income taxes) 182,000 152,000 Net income $91,000 $66,000 Additional information: 1. The market price of Martinez's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2021 and 2022. Profit margin Gross profit rate 2022 % 2021 96 (Round answers to 1 decimal place, eg. 1.5%) (Round answers to 1 decimal % Additional information: The market price of Martinez's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 1. 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2021 and 2022. Profit margin Gross profit rate Asset turnover Earnings per share $ 2022 % % 2021 % % (Round answers to 1 decimal place, eg. 1.5%) (Round answers to 1 decimal place, eg. 1.5%) (Round answers to 2 decimal times times places, eg. 1.83.) (Round answers to 2 decimal places, e.g. 1.83.) Price-earnings ratio (Round answers to 1 decimal times times place, e.g. 1.5.) Payout ratio (Round answers to O decimal % % places, eg. 15%) Debt to assets (Round answers to O decimal % % ratio places, eg. 15%)