PINA CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $32,000 $ 22,000 $ 20,000 Accounts receivable (net) 52,000 47,000 50,000 Other current assets 97,000 102,000 71,000 Investments 62,000 77,000 52,000 Plant and equipment (net) 500,000 370,000 358,000 $743,000 $618,000 $551,000 Current liabilities $ 87,000 $ 82,000 $ 72,000 Long-term debt 152,000 92,000 57,000 Common stock, $10 par 327,000 317,000 307,000 Retained earnings 177,000 127,000 115,000 $743,000 $618,000 $551,000 PINA CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $747,000 $607,000 Less: Sales returns and allowances 39,280 34,190 Net sales 707,720 572,810 Cost of goods sold 432,165 357,075 Gross profit 275,555 215,735 Operating expenses (including income taxes) 182,055 151,875 Net income $ 93,500 $ 63,860 Additional information: 1. The market price of Pina's common stock was $7.00, $7.38, and $8.41 for 2020, 2021, and 2022, respectively. 2. You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2021 and 2022. (Round earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) 2022 2021 Profit margin % % Gross profit rate % % Asset turnover times times Earnings per share TA $ Price-earnings ratio times times Payout ratio % % Debt to assets ratio % %