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Please answer 1-7 for both years. Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31
Please answer 1-7 for both years.
Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 30.400 $ 17.700 Accounts receivable (net) 50.500 47.200 Other current assets 89.000 64.100 $ 16.000 45.600 95.200 69.700 369.400 $595.900 55.800 45.000 Investments Plant and equipment (net) 499.000 357.600 $724,700 $531.600 Current liabilities $85.100 $80.600 $70.600 145.000 85.100 49.600 Long-term debt Common stock. $10 par Retained earnings 318.000 313.000 117.200 297.000 114.400 176.600 $724.700 $595.900 $531,600 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances $740.500 39.900 $605.300 29.500 700.600 Net sales 575,800 373.500 425.800 Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 274.800 183.722 202.300 144,720 $ 57.580 $ 91.078 Additional information: 1. The market price of Jergan's common stock was $7.00. $7.50. and $8.50 for 2018, 2019. and 2020. respec You must compute dividends paid. Al dividends were paid in cash. a) Compute the following ratios for 2019 and 2020. (Round Asset turnover and Earnings per share to 2 decimal places, eg. 1.65. Round payout ratio and debt to assets ratio to 0 decimal places, eg. 18%. Round all other answers to 1 decimal place, eg. 6.8 or 6.8%.) 2020 2019 % 96 (1) Profit margin (2) Gross profit rate times times (3) Asset turnover (4) Earnings per share $ times times (5) Price-earnings ratio 96 96 (6) Payout ratio % (7) Debt to assets ratioStep by Step Solution
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