re.com/UUSESU Condensed balance sheet and income statement data for Blue Corporation ar Blue Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 31,000 $21,000 $19,000 Accounts receivable (net) 51,000 46,000 49,000 Other current assets 95,000 100,000 69,000 Investments 60,000 75,000 50,000 Plant and equipment (net) 500,000 370,000 358,000 $737,000 $612,000 $545,000 Current liabilities $ 86,000 $81,000 $71,000 Long-term debt 150,000 90.000 55,000 Common stock, $10 par 325,000 315,000 305.000 Retained earnings 176.000 126,000 114.000 $737,000 $612,000 $545,000 Blue Corporation Income Statements For the Years Ended December 31 2020 2019 Sales revenue $745.000 $605,000 Less: Sales returns and allowances 41.000 31.000 Net sales 704,000 574,000 Cost of goods sold 430.000 355,000 Gross profit 274,000 219.000 Operating expenses (including income taxes) 181.000 151.000 Net income $ 93.000 $68.000 Blue Corporation Balance Sheets December 31 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $31,000 $21,000 $19,000 51,000 46,000 49,000 95,000 100,000 69,000 60,000 75,000 50,000 500,000 370,000 358,000 $737,000 $612,000 $545,000 $ 86,000 $81,000 $ 71,000 150,000 90,000 55,000 325,000 315,000 305,000 176,000 126,000 114,000 $737,000 $612,000 $545,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings Blue Corporation Income Statements For the Years Ended December 31 20202019 Sales revenue $745,000 $605,000 Less: Sales returns and allowances 41.000 31,000 Net sales 704,000 574.000 Cost of goods sold 430,000 355.000 Gross profit 274.000 219,000 Operating expenses (including income taxes) 181.000 151.000 Net income $ 93.000 $68.000 Additional information: 1. The market price of Blue'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. la) Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, eg. 1.83 or 1.83%.) 2019 2020 S Profit margin 13.2 % 11.84 Gross profit rate 38.92 % 38.15 Asset turnover 1.04 times 0.99 times 28 Earnings per share 2.15 Price-earnings ratio times Payout ratio Debt to assets ratio