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) $ 30,100 49,000 89,500 54,400 499,200 $722,200 $84,400 144,500 321,000 172,300 $722,200 Current liabilities Long-term debt Common stock, $10 par Retained earnings $ 17,500 45,400 95,400 70,300 370,100 $598,700 $80,300 86,000 317,000 115,400 $598,700 $ 18,100 47,100 64,400 45,700 357,100 $532,400 $69,100 50,100 297,000 116,200 $532,400 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 $737,500 40,500 697,000 426,400 270,600 186,960 S 83,640 $607,000 30,600 576,400 371,000 205,400 153,524 $ 51,876 Additional information: 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 $737,500 40,500 697,000 426,400 270,600 186,960 $ 83,640 $607,000 30,600 576,400 371,000 205,400 153,524 $ 51,876 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, 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 0