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Please answer this question in Asap. thank you! Condensed balance sheet and income statement data for Culver Corporation appear below: CULVER CORPORATION Balance Sheet December

Please answer this question in Asap. thank you!

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Condensed balance sheet and income statement data for Culver Corporation appear below: CULVER CORPORATION Balance Sheet December 31 2021 2020 2019 Cash $ 26,000 $ 20,000 $ 19,500 Accounts receivable 53,500 49,000 52,000 Other current assets 93,500 97,000 64,500 Property, plant, and equipment (net) 498,000 464,000 428,000 $671,000 $630,000 $564,000 Current liabilities $ 69,000 $ 76,500 $ 65,500 Long-term debt 76,500 82,500 48,000 Common shares 319,000 308,000 282,000 Retained earnings 206,500 163,000 168,500 $671,000 $630,000 $564,000 CULVER CORPORATION Income Statement For the Years Ended December 31 2021 2020 Sales revenue $787,000 $738,000 Less: Sales returns and allowances 36,000 53,000 Net sales 751,000 685,000 Cost of goods sold 416,500 403,000 Gross profit 334,500 282,000 Operating expenses (including income taxes) 222,500 224,000 Profit $ 112,000 $ 58,000 Additional on: 1. The market price of Culver's common shares was $3.00, $4.00, and $7.00 for 2019, 2020, and 2021, respectively. 2. All dividends were paid in cash. 3. Weighted average common shares were 33,500 in 2021 and 28,000 in 2020. Compute the following ratios for 2020 and 2021. (Round asset turnover, earnings per share and price earning ratio answers to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place e.g. 1.5%.) 2021 2020 Profit margin 14.91 % 8.47 % Asset turnover times times Earnings per share $ $ Price-earnings ratio times times Payout ratio % % Debt to total assets % % Gross profit margin % %

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