Condensed balance sheet and income statement data for Pronghorn Corporation are presented here. PRONGHORN CORPORATION Balance Sheets December 31 2017 2016 Cash S 32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 94,000 99,000 Investments 59,000 74,000 Plant and equipment (net) 500,000 370,000 $737,000 5612,000 Current liabilities $ 87,000 $ 82,000 Long-term debt 149,000 89,000 Common stock, $10 par 324,000 314,000 Retained earnings 177,000 127,000 $737,000 5612,000 2015 $ 20,000 50,000 68,000 49,000 358,000 $545,000 $ 72,000 54,000 304,000 115,000 $545,000 PRONGHORN CORPORATION Income Statements For the Years Ended December 31 2017 Sales revenue $744,000 Less: Sales returns and allowances 42,000 Net sales 702,000 Cost of goods sold 429,000 Gross profit 273,000 Operating expenses (including income taxes) 182,000 Net income $ 91,000 2016 $604,000 32,000 572,000 354,000 218,000 152.000 $ 66,000 Additional information: 1. The market price of Pronghorn's common stock was $7.00, $7.50, and $8.50 for 2015, 2016, and 2017, respectively. 2. You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2016 and 2017. (Round earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) 2017 2016 Profit margin % % Gross profit rate % 90 Asset turnover times times Earnings per share $ $ Price-earnings ratio times times Payout ratio % Debt to assets ratio % 9