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

NOVAK 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		93,000		98,000		67,000
Investments		58,000		73,000		48,000
Plant and equipment (net)		500,000		370,000		358,000
		$735,000		$610,000		$543,000
Current liabilities		$ 87,000		$ 82,000		$ 72,000
Long-term debt		148,000		88,000		53,000
Common stock, $10 par		323,000		313,000		303,000
Retained earnings		177,000		127,000		115,000
		$735,000		$610,000		$543,000

NOVAK CORPORATION Income Statements For the Years Ended December 31
		2022		2021
Sales revenue		$743,000		$603,000
Less: Sales returns and allowances		42,000		32,000
Net sales		701,000		571,000
Cost of goods sold		428,000		353,000
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 Novaks 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.

(a) Compute the following ratios for 2021 and 2022. (Round profit margin, gross profit rate and price-earnings ratio to 1 decimal places, e.g. 1.8 or 1.8%. Round asset turnover and earnings per share to 2 decimal places, e.g. 1.25. Round payout ratio and debt to assets ratio to 0 decimal places, e.g. 25%.)

		2022			2021
Profit margin		enter profit margin in percentage rounded to 1 decimal place	%		enter profit margin in percentage rounded to 1 decimal place	%
Gross profit rate		enter gross profit rate in percentage rounded to 1 decimal place	%		enter gross profit rate in percentage rounded to 1 decimal place	%
Asset turnover		enter a number for asset turnover in times rounded to 2 decimal places	times		enter a number for asset turnover in times rounded to 2 decimal places	times
Earnings per share		$enter earnings per share in dollars rounded to 2 decimal places			$enter earnings per share in dollars rounded to 2 decimal places
Price-earnings ratio		enter a number for price earnings ratio in times rounded to 1 decimal place	times		enter a number for price earnings ratio in times rounded to 1 decimal place	times
Payout ratio		enter payout ratio in percentage rounded to 1 decimal place	%		enter payout ratio in percentage rounded to 1 decimal place	%
Debt to assets ratio		enter debt to assets ratio in percentage rounded to 0 decimal places	%		enter debt to assets ratio in percentage rounded to 0 decimal places	%