Question 2 of 2 Condensed balance sheet and income statement data for Monty Corporation are presented here. MONTY CORPORATION Balance Sheets December 31 2022 2021 Cash $32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 98,000 103,000 Investments 63,000 78,000 Plant and equipment (net) 500,000 370,000 $745,000 $620,000 Current liabilities $ 87,000 $82,000 Long-term debt 153,000 93,000 Common stock, $10 par 328,000 318,000 Retained earnings 177,000 127,000 $745,000 $620,000 2020 $ 20,000 50,000 72,000 53,000 358,000 $553,000 $ 72,000 58,000 308,000 115,000 $553,000 MONTY CORPORATION Income Statements For the Years Ended December 31 2022 2021 MONTY CORPORATION Income Statements For the Years Ended December 31 2022 Sales revenue $748,000 Less: Sales returns and allowances 42,000 Net sales 706,000 Cost of goods sold 433,000 Gross profit 273,000 Operating expenses (including income taxes) 182,000 Net income $ 91,000 2021 $608,000 32,000 576,000 358,000 218,000 152,000 $ 66,000 Additional information: 1. The market price of Monty's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2. Compute the following ratios for 2021 and 2022 2022 2021 Profit margin %6 % Gross profit rate % % Asset turnover times times $ (Round answers to 1 decimal place, es. 1.5%) (Round answers to 1 decimal place, eg. 1.5%) (Round answers to 2 decimal places, eg. 1.83.) (Round answers to 2 decimal places, e.g. 1.83) (Round answers to 1 decimal place, e.g. 1.5.) (Round answers to 0 decimal places, eg. 15%) (Round answers to o decimal places, eg. 15%) times Earnings per share Price-earnings ratio Payout ratio Debt to assets ratio times % % % % e Textbook and Media Attempts: 0 of 5 used Submit Answer Save for Later hp