Problem 13-03A Condensed balance sheet and income statement data for Marigold Corporation are presented here. MARIGOLD CORPORATION Balance Sheets December 31 2022 2021 Cash $ 32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 95,000 100,000 Investments 60,000 75,000 Plant and equipment (net) 500,000 370,000 $739,000 $614,000 Current liabilities $ 87,000 $82,000 Long-term debt 150,000 90,000 Common stock, $10 par 325,000 315,000 Retained earnings 177,000 127,000 $739,000 $614,000 2020 $20,000 50,000 69,000 50,000 358,000 $547,000 $ 72,000 55,000 305,000 115,000 $547,000 MARIGOLD CORPORATION Income Statements For the Years Ended December 31 2022 Sales revenue $745,000 Less: Sales returns and allowances 42,000 Net sales 703,000 Cost of goods sold 430,000 Gross profit 273,000 Operating expenses (including income taxes) 182,000 Net income $ 91,000 2021 $605,000 32,000 573,000 355,000 218,000 152,000 $ 66,000 Additional information: 1. The market price of Marigold's common stock was $7.00, 57.50, and $8.50 for 2020, 2021, and 2022, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2021 and 2022. Compute the following ratios for 2021 and 2022 2022 2021 Profit margin % (Round answers to 1 decimal place, e.g. 1.5%.) Gross profit rate Asset turnover times % (Round answers to 1 decimal place, e.g. 1.5%.) times(Round answers to 2 decimal places, e.g. 1.83.) (Round answers to 2 decimal places, e.g. 1.83.) times(Round answers to 1 decimal place, e.g. 1.5.) Earnings per shares Price-earnings ratio times Payout ratio % (Round answers to o decimal places, e.g. 15%.) Debt to assets ratio % (Round answers to O decimal places, e.g. 15%.)