Condensed balance sheet and income statement data for Coronado Corporation are presented here. Coronado Corporation Balance Sheets December 31 2022 2021 2020 Cash $ 30.100 $ 16,600 $ 17.500 Accounts receivable (net) 49,300 45,000 48,200 Other current assets 89,000 94,300 63.700 Investments 55,500 69,400 46,000 Property, plant, and equipment (net) 499,500 370.700 357.700 $723,400 $596,000 $533,100 Current liabilities $84,300 $79,000 $70,500 Long-term debt 145,400 84,300 50,400 Common stock, $10 par 363.000 311,000 301,000 Retained earnings 130,700 121,700 111,200 $723,400 $596,000 $533,100 Coronado Corporation Income Statements For the Years Ended December 31 2022 2021 Sales $741,500 $606,000 Less: Sales returns and allowances 40,200 29,500 Net sales 701.300 576,500 Cost of goods sold 426.500 369,500 Gross profit 274.800 207.000 Operating expenses (including income taxes) 183.631 149,350 Net income $ 91,169 $ 57,650 Additional information: 1. The market price of Jergan's common stock was $7.00, $7.50 and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. 2. 1. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 2. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration. (a) Compute the following ratios for 2021 and 2022. (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%.) 2022 2021 (1) Profit margin 13% % 10 % ( (2) Gross profit rate 39.2 % 35.9 % (3) Asset turnover 1.06 times 1.02 times 4 (4) Earnings per share $ 0.25 0.19 (5) Price-earnings ratio 34 times 39.5 times (6) Payout ratio 90 % 81 % (7) Debt to assets ratio 20 % 14 %