Problem 18-03A a Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash Accounts receivable (net) Other current assets $ 17,300 45,800 95,700 69,300 369,900 $598,000 Investments $ 29,700 49,500 89,800 55,100 500,800 $724,900 $84,500 145,100 354,000 141,300 $724,900 Plant and equipment (net) $ 17,100 49,000 63,900 45,600 358,000 $533,600 $69,100 49,100 308,000 107,400 $533,600 Current liabilities Long-term debt Common stock, $10 par Retained earnings $80,200 84,100 321,000 112,700 $598,000 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) $744,500 40,900 703,600 426,600 277,000 178,496 $ 98,504 $606,300 29,700 576,600 369,000 207,600 155,706 $ 51,894 Net income 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. (a) 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 9% 14 % (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 % % Click if you would like to Show Work for this question: Open Show Work