Flint Corporation Income Statements For the Years Ended December 31 2020 2019 $743,000 $603,000 Sales revenue 42,000 32,000 Less: Sales returns and allowances Net sales 701,000 571,000 428,000 353,000 Cost of goods sold 273,000 Gross profit 218.000 182,000 152,000 Operating expenses (including income taxes) $ 91,000 Net income $ 66,000 Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, e.g. 1.83 or 1.83%.) 2020 2019 Profit margin % % Gross profitrate se % Asset turnover times times Earnings per share $ $ Price-earnings ratio times times Payout ratio % de Debt to assets ratio % 96 December 31 2020 2019 2018 Cash $32,000 $ 22,000 $ 20,000 Accounts receivable (net) 52,000 47,000 50,000 Other current assets 93,000 98,000 67,000 Investments 58,000 73,000 48,000 Plant and equipment (net) 500,000 370,000 358,000 $735,000 $610,000 $543,000 $ 87.000 Current liabilities $82,000 $72,000 148,000 88,000 53,000 Long-term debt 323,000 313,000 303,000 Common stock, $10 par 177,000 127,000 115.000 Retained earnings $735,000 $610.000 $543,000 Net income $ 91,000 $ 66,000 Additional information: 1. The market price of Flint's common stock was $7.00, $7.50, and $8.50 for 2018, 2019 and 2020, respectively. You must compute dividends paid. All dividends were paid in cash. 2. (a) Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, eg. 1.83 or 1.83%) 2020 2019 96 96 Profit margin Gross profit rate times