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11. Homework X Videoplayer X Mail Marcel Alfred. X Banner X Banner com/courses/36345/assignments/3827682 Current Attempt in Progress Condensed balance sheet and income statement data for Ayayal Corporation are presented here. AYAYAI CORPORATION Balance Sheets December 31 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 2022 2021 2020 $ 31,000 $21,000 $19.000 51.000 16,000 49,000 92,000 97.000 66,000 57,000 72,000 47,000 500,000 370,000 358.000 $731,000 $606,000 $539,000 $ 86,000 $81.000 $71,000 147.000 87.000 52.000 322.000 312.000 302.000 176.000 126.000 114.000 $731.000 $606,000 $539.000 Current liabilities Long-term debt Common stock 510 par Retained earnings Loe Oo @ - 9W Ch 13 Homework X Videoplaye as.com/courses/36345/assignments/3827682 Mal Mare Rifred x Bre x Banner x + AYAYAI CORPORATION Income Statements For the Years Ended December 31 Sales revenue 2022 2021 $742,000 $60,000 41,000 31.000 701.000 571.000 Less: Sales returns and allowances Net sales Cost of goods sold 427.000 352,000 Gross profit Operating expenses (including income taxes) 274,000 181.000 $ 93,000 219.000 151.000 $68.000 Net income Additional information: 1. The market price of Ayayal's common stock was 57.00, $7.50 and $8.50 for 2020 2021 and 2022. respectively 2. You must compute dividends pald. All dividends were paid in cash Compute the following ratios for 2021 and 2022 Bi e e - 9 Homework X Videoplayer X Mal Marcel R ed x + 0 courses/36345/assignments/3827682 2022 2021 Round answers to edindo 15) Profit margin Round on todell 15 Gross profitrate 13 times Round answers to dedim Asset turnover Round answers to decid e Earnings per share 5 Price-carnings ratio times Round answers to 1 decimo . 15) Round answers to decimo s 150 Round answers to decimal places 15) Payout ratio Debt to assets ratio e Textbook and Media Attempts of used Previous