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Condensed balance sheet and income statement data for Jergan Corporation are presented here. ...

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Accounting

Condensed balance sheet and income statement data for Jergan Corporation are presented here.
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Your answer is partially correct. Try again. Condensed balance sheet and income statement data for Jergan Corporation are presented here. 2018 Jergan Corporation Balance Sheets December 31 2020 2019 Cash $ 30,000 $ 16,800 Accounts receivable (net) 50,100 44,600 Other current assets 89,200 95,900 Investments 55,800 69,500 Plant and equipment (net) 500,600 369,200 $725,700 $596,000 Current liabilities $85,000 $79,800 Long-term debt 144,400 84,100 Common stock, $10 par 357,000 314,000 Retained earnings 139,300 118,100 $725,700 $596,000 $ 17,300 47,000 64,300 44,400 359,000 $532,000 $71,000 50,500 312,000 98,500 $532,000 Jergan Corporation Income Statement For the Years Ended December 31 2020 Sales revenue $737,500 Less: Sales returns and allowances 40,300 Net sales 697,200 Cost of goods sold 425,100 Gross profit 272,100 Operating expenses (including income taxes) 188,436 Net income $ 83,664 2019 $605,900 30,800 575,100 368,500 206,600 149,090 $ 57,510 Compute the f i rst for 2019 (1) Profit margin

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