December 31 2020 2019 2018 Cash $31,000 $ 21,000 $ 19,000 Accounts receivable (net) 51,000 46,000 49,000 Other current assets 98,000 103.000 72.000 Investments 63.000 78,000 53.000 Plant and equipment (net) 500,000 370.000 358.000 $743,000 $618.000 $551,000 Current liabilities $ 86.000 $81.000 Long-term debt $ 71,000 153,000 Common stock, $10 par 93,000 58,000 328,000 Retained earnings 318,000 308,000 176,000 126.000 114.000 $743,000 $618,000 $551,000 Income Statements For the Years Ended December 31 2020 2019 Sales revenue $748.000 $608,000 Less Sales returns and allowances 41,000 31.000 Net sales 707.000 Cost of goods sold 577.000 433.000 Gross profit 358,000 274,000 Operating expenses (including income taxes) 219,000 181,000 Net income 151.000 $93.000 $68.000 Additional information: 1. The market price of Concord's common stock was $7.00, 57.50, and $8.50 for 2018, 2019 and 2020. respectively, 2 You must compute dividends paid. All dividends were paid in cash. 3 Type here to search o i Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, eg. 1.83 or 1.83%) 2020 2019 Profit margin 96 % Gross profit rate % 96 Asset turnover times times Earnings per share $ Price earnings ratio times Payout ratio times 96 Debt to assets ratio 96