Condensed balance sheet and income statement data for Pina Corporation are presented here. PINA CORPORATION Balance Sheets December 31 2021 2020 Cash $ 22,000 $ 20,000 Accounts receivable (net) 47,000 50,000 Other current assets 102,000 71,000 Investments 77,000 52,000 Property, plant, and equipment (net) 370,000 358,000 $618,000 $551,000 Current liabilities $82,000 $72,000 Long-term debt 92,000 57,000 Common stock, $10 par 317,000 307,000 Retained earnings 127,000 115,000 $618,000 $551,000 PINA CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales $747,000 $607,000 Less: Sales returns and allowances 42,000 32,000 Net sales 705,000 575,000 Cost of goods sold 432,000 357,000 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 Pina's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. 2022 $ 32,000 52,000 97,000 62,000 500,000 $743,000 $ 87,000 152,000 327,000 177,000 $743,000 (a) Compute the following ratios for 2021 and 2022. (Round profit margin, gross profit rate and price-earnings ratio to 1 decimal place, 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 % % Gross profit rate % % Asset turnover times times Earnings per share $ Price-earnings ratio times times Payout ratio % % Debt to assets ratio % % tA