Problem 18-03A a Condensed balance sheet and income statement data for Jergan Corporation are presented here. 2019 2018 Jergan Corporation Balance Sheets December 31 2020 Cash $ 29,700 Accounts receivable (net) 49,000 Other current assets 90,300 Investments 55,600 Plant and equipment (net) 500,800 $725,400 Current liabilities $85,900 Long-term debt 145,800 Common stock, $10 par 343,000 Retained earings 145,700 $725,400 $ 17,100 45,900 94,300 69,600 370,400 5597,300 $80,700 84,800 313,000 118,800 $597,300 $ 17,600 47,800 63,400 45,100 357,600 5531,500 $70,100 49,500 309,000 102,900 S531,500 Jergan Corporation Income Statement For the Years Ended December 31 2020 Sales revenue $742,500 Less: Sales returns and allowances 39,500 Net sales 703,000 Cost of goods sold 425,800 Gross profit 277,200 Operating expenses (including income taxes) 192,840 Net income $ 84,360 2019 5606,300 30,500 575,800 367,000 208,800 145,462 $ 63,338 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 (2) Gross profit rate (3) Asset turnover (4) Earnings per share times times (5) Price-earnings ratio times times (6) Payout ratio (7) Debt to assets ratio