Condensed balance sheet and income statement data for Swifty Corporation are presented here. SWIFTY 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 99,000 104.000 73,000 Investments 64,000 79,000 54,000 Plant and equipment (net) 500,000 370,000 358,000 $747,000 $622,000 $555.000 Current liabilities $ 87,000 $82,000 $ 72,000 Long-term debt 154,000 94,000 59,000 Common stock, $10 par 329,000 319,000 309.000 Retained earnings 177,000 127,000 115,000 $747,000 $622,000 $555,000 SWIFTY CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $749,000 $609,000 Less: Sales returns and allowances 42,000 32,000 Net sales 707,000 577,000 Cost of goods sold 434,000 359,000 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 Swifty's 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 O 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 % % e Textbook and Media