Question 5 of 5 0.07/1 E Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 29,200 $ 16,100 $ 18,100 50,400 45,600 48,100 90,700 94,900 63.200 Accounts receivable (net) Other current assets Investments Plant and equipment (net) 54,700 70,400 45,100 499,800 370,600 358,700 $724,800 $597,600 $533,200 $84.900 $80,800 $69,600 145,100 85,700 50,500 Current liabilities Long-term debt Common stock, $10 par Retained earnings 315,000 319,000 301,000 179,800 112.100 112,100 $724,800 $597,600 $533,200 2019 Jergan Corporation Income Statement For the Years Ended December 31 2020 Sales revenue $741,000 Less: Sales returns and allowances 40,900 Net sales 700,100 Cost of goods sold 426,600 $606,200 29,600 576,600 374,500 Gross profit 273,500 202,100 Operating expenses (including income taxes) 182,487 144,440 Net income $91.013 $57,660 Additional information: Question 5 of 5 0.07/15 2020 2019 Sales revenue $741,000 $606,200 Less: Sales returns and allowances 40.900 29,600 Net sales 700,100 576,600 Cost of goods sold 426,600 374,500 Gross profit 273,500 202,100 Operating expenses (including income taxes) 182.487 144,440 Net income $ 91.013 $ 57,660 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) 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 13.00 % 10.00 % (2) Gross profit rate 39.06 % 35.05 % (3) Asset turnover 1.61 times 1.06 times (4) Earnings per share $ 0.29 $ 18 (5) Price-earnings ratio 29.42 times 41.49 times (6) Payout ratio 25.62 % 100 % (7) Debt to assets ratio 31.73 % 27.86 % e Textbook and Media Save for Later Last saved 39 seconds ago. Attempts: 1 of 3 used Submit