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 Investments Plant and equipment (net) $ 30,000 50,500 89,100 54,900 500,200 $724,700 $85,700 144,400 381,000 113,600 $724,700 $ 16,000 44,200 94,500 71,000 370,800 $596,500 $ 18,500 47,300 64,200 45,800 357,000 $532,800 Current liabilities Long-term debt Common stock, $10 par Retained earnings $79,400 84,800 318,000 114,300 $596,500 $70,400 49,600 302,000 110,800 $532,800 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) Net income $745,000 40,800 704,200 425,800 278,400 186,854 $ 91,546 $606,000 30,200 575,800 367,000 208,800 151,220 $ 57,580 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 o decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) 010 2019 2020 (1) Profit margin 0 (2) Gross profit rate times times (3) Asset turnover (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