Condensed balance sheet and income statement data for Jergan Corporation are presented here. 2018 Jergan Corporation Balance Sheets December 31 2020 2019 Cash $ 30,400 $ 17,100 Accounts receivable (net) 50,600 45,100 Other current assets 89,600 95,000 Investments 55,100 70,500 Plant and equipment (net) 499,800 369,700 $725,500 $597,400 Current liabilities $84,300 $80,500 Long-term debt 144,400 84,500 Common stock, $10 par 384,000 321,000 Retained earnings 112,800 111,400 $725,500 $597,400 $ 18,300 48,600 64,700 45,200 358,700 $535,500 $69,800 50,200 304,000 111,500 $535,500 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) $738,000 40,800 697,200 425,600 271,600 180,964 $ 90,636 $606,600 31,000 575,600 369,000 206,600 149,040 $ 57,560 Net income Additional information: 1. 2. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2019 and 2020. (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%.) 2019 2020 (1) Profit margin % % (2) Gross profit rate % % (3) Asset turnover times times (4) Earnings per share $ $ (5) Price-earnings ratio times times (6) Payout ratio % % (7) Debt to assets ratio % %