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

SHEFFIELD 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

SHEFFIELD CORPORATION Income Statements For the Years Ended December 31
		2022		2021
Sales revenue		$744,000		$604,000
Less: Sales returns and allowances		42,520		31,285
Net sales		701,480		572,715
Cost of goods sold		428,922		354,068
Gross profit		272,558		218,647
Operating expenses (including income taxes)		181,740		152,220
Net income		$ 90,818		$ 66,427

Additional information:

1.		The market price of Sheffields common stock was $7.00, $7.74, and $8.55 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 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%.)

		2022			2021
Profit margin		enter Profit margin in percentages rounded to 1 decimal place	%		enter Profit margin in percentages rounded to 1 decimal place	%
Gross profit rate		enter Gross profit rate in percentages rounded to 1 decimal place	%		enter Gross profit rate in percentages rounded to 1 decimal place	%
Asset turnover		enter number of Asset turnover in times rounded to 2 decimal places	times		enter number of 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 number of Price-earnings ratio in times rounded to 1 decimal place	times		enter number of Price-earnings ratio in times rounded to 1 decimal place	times
Payout ratio		enter Payout ratio in percentages rounded to 1 decimal place	%		enter Payout ratio in percentages rounded to 1 decimal place	%
Debt to assets ratio		enter Debt to assets ratio in percentages rounded to 1 decimal place	%		enter Debt to assets ratio in percentages rounded to 1 decimal place	%