The comparative statements of Bramble Interiors Ltd. are presented as follows: BRAMBLE INTERIORS LTD. Income Statement For the Year Ended December 31 2021 Net sales $2,159,750 Cost of goods sold 1,145,000 Gross profit 1,014,750 Selling and administrative expenses 500,000 Income from operations 514,750 Other expenses and losses Interest expense 14.000 Income before income taxes 500.750 Income tax expense 108,275 Profit $392,475 2020 $1,836,500 1,019,500 817,000 491.000 326,000 16.000 310,000 82,000 $228,000 BRAMBLE INTERIORS LTD. Balance Sheet December 31 Assets 2021 2020 2019 Current assets Cash $80,000 $129,100 $114,200 Accounts receivable 188,600 106,400 102,400 Inventory 213,800 143,000 114,500 Total current assets 482,400 378,500 331,100 Property, plant, and equipment (net) 647,700 601,300 510,300 Total assets $1,130,100 $979,800 $841,400 Liabilities and Shareholders' Equity Current liabilities Accounts payable $289,175 $169,000 $144,400 Income taxes payable 40,000 47.000 45,500 Total current liabilities 329,175 216,000 189.900 Bonds payable 190.000 195,000 195,000 200,0 200,000 Total liabilities 519,175 411.000 389,900 Shareholders' equity Common shares 280,000 280,000 300,000 Retained earnings 330,925 288,800 151,500 Total shareholders' equity 610,925568.800 451,500 Total liabilities and shareholders' equity $1.130,100 $979.800 $841.400 190,000 519,175 195,000 411,000 200,000 389,900 Bonds payable Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 280,000 330,925 610,925 $1,130,100 280,000 300,000 288,800 151,500 568,800 451,500 $979,800 $841,400 Additional information: 1. All sales were on account. 2. Weighted-average common shares in 2021 were 52,000 and in 2020 were 54.000. Calculate the following ratios for 2021 and 2020. (Round earnings per share current Calculate the following ratios for 2021 and 2020. (Round earnings per share, current ratio, acid-test ratio and asset turnover answers to 2 decimal places, e3. 1.83 or 1.83% and all other answers to 1 decimal place, ey. 1.5 or 1.5%. Use 365 days for calculation.) 2021 2020 1. Gross profit margin 2. Profit margin 3. Earnings per share 4. Receivables turnover times times 5. Collection period days dars 6. Inventory turnover times times 7. Days sales in inventory days days 8. Return on common shareholders'equity 9. Return on assets 10. Current ratio 11. Acid-test ratio