Selected information from the comparative financial statements of Jackson Company for the years

ended December 31, 2020 and 2019 appears below:

20202019

Net sales478,500426,250

Cost of goods sold276,300250,120

Interest expense9,70010,700

Net income before income tax67,25052,680

Net income after income tax46,05039,900

Total assets317,100288,000

Total liabilities181,400167,300

Total stockholders' equity135,700120,700

Required:

Compute the following ratios relating to the year ended December 31, 2020.

(a) Debt ratio.

(e) Equity ratio.

(c) Debt-to-equity ratio.

(d) Times interest earned.

(e) Profit margin ratio.

(f) Gross margin ratio.

(g) Return on total assets.