Condensed balance sheet and income statement data for Sheridan Corporation are presented here. Sheridan Corporation Balance Sheets December 31 2022 2021 2020 Cash $ 30,800 $ 17,600 $18,700 Accounts receivable (net) 50,500 44,200 47,100 Other current assets 89,600 94,900 63,900 Investments 55,300 71,000 45,100 Property, plant, and equipment (net) 500,500 370,000 358,500 $726,700 $597,700 $533,300 Current liabilities $85,500 $79,800 $69,400 Long-term debt 144,300 84,100 50,300 Common stock, $10 par 348,000 316,000 304,000 Retained earnings 148,900 117,800 109,600 $726,700 $597,700 $533,300 Sheridan Corporation Income Statement For the Years Ended December 31 2022 2021 Sales $738,000 $605,500 Less: Sales returns and allowances 39.100 29,900 Net sales 698,900 575,600 Cost of goods sold 425,600 367,000 Gross profit 273,300 208,600 Operating expenses (including income taxes) 182,443 151,040 Net income $90,857 $57,560 Additional information: 1 2. The market price of Sheridan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. (a) Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, es. 1.65. Round payout ratio and debt to assets ratio to 0 decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.s. 6.8 or 6.8%) 2021 % (1) Profit margin (2) Gross profit rate % (3) Asset turnover times (4) Earnings per share $ (5) Price-earnings ratio times (6) Payout ratio (7) Debt to assets ratio % 2022 % times $ times