Jergan Corporation Balance Sheets December 31 2018 2020 $ 30,100 Cash 2019 $ 17,500 45,400 95,400 $ 18,100 47.100 Accounts receivable (net) 49,000 89,500 Other current assets 64,400 Investments 54,400 70,300 45,700 Plant and equipment (net) 499,200 $722,200 $84,400 370,100 $598,700 $80,300 86,000 357.100 $532,400 $69,100 50,100 Current liabilities Long-term debt 144,500 Common stock, $10 par 321,000 317,000 297,000 Retained earnings 172,300 $722,200 115,400 $598,700 116,200 $532,400 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $737,500 $607,000 Less: Sales returns and allowances 40,500 30.600 Net sales 697,000 426,400 576,400 371,000 Cost of goods sold Gross profit 270.600 205,400 Operating expenses (including income taxes) 186,960 153,524 Net income $ 83,640 $51.876 Additional information: 1. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. Jergan Corporation Income Statement For the Years Ended December 31 Sales revenue 2020 $737.500 40,500 2019 $607.000 30.600 Less: Sales returns and allowances Net sales 697,000 576,400 Cost of goods sold 426,400 371,000 Gross profit 270,600 205,400 Operating expenses (including income taxes) 186,960 153,524 Net income $ 83,640 $ 51,876 Additional information: 1. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2019 and 2020. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 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.g. 6.8 or 6.8%.) 2019 2020 (1) Profit margin 12 % (2) Gross profit rate (3) Asset turnover times times (4) Earnings per share $ (5) Price-earnings ratio times times (6) Payout ratio (7) Debt to assets ratio