Current Attempt in Progress Condensed balance sheet and income statement data for Jergan Corporation are presented here Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 29,200 $ 16,100 $ 18,100 Accounts receivable (net) 50,400 45,600 48,100 Other current assets 90,700 94,900 63,200 Investments 54.700 70,400 45.100 Plant and equipment (net) 499,800 370,600 358,700 $724,800 $597,600 $533,200 Current liabilities $84.900 380,800 $69,600 145.100 85,700 50,500 Long-term debt Common stock, $10 pat Retained earnings 315,000 319.000 301.000 179,800 112.100 112,100 $724.800 $597,600 $533 200 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $741.000 5606.200 40.900 29,600 Less Sales returns and allowances Net Sales 700.100 576.000 426,600 374,500 273.500 202.100 Cost of yoods sold Gross proht Operating expenses (including income takes) Net income 182.487 144.440 $91.013 $57.660 Additional information 1 The market price of Jergan's common stock was $7.00, $7.50 and 58.50 for 2018 2019 and 2020. respectively 2 You must compute dividends paid. All dividends were paid in cash (a) Compute the following ratios for 2019 and 2020. Where necessary compute a simple average number of shares to approximate the weighted average number of shares. (Round Asset turnover and Earnings per share to 2 decimal places, eg 165. Round payout ratio and debt to assets ratio to 0 decimal places, eg. 18%. Round all other answers to 1 decimal place, es 6.8 or 6.8%) 2019 2020 % ) (1) Profit margin % (2) % % Gross profit rate ) times (3) times Asset turnover (4) Earnings per share $ $ times (5) Price-earnings ratio times % % Payout ratio (6) X 171 Debt to assets ratio e Textbook and Media Attempts: 0 of 3 used Submit Answer Savelor Later Using multiple attempts will impact your score. 5% score reduction after attempt 2