Question 5 of 5 Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 29,200 $ 16,100 $ 18.100 Accounts receivable (net) 50.400 45.600 48.100 Other current assets 90.700 94.900 63200 Investments 54,700 70.400 45.100 Plant and equipment (net) 499,800 370.600 358.700 $ 724.800 $ 597.600 $ 533,200 Current liabilities $ 84.000 $ 80.800 $ 69.600 Long-term debt 145.100 85.700 50.500 Common stock. $10 per 315.000 319.000 301.000 Retained earnings 179.800 112.100 112.100 $ 724.800 $ 597600 $ 533,200 Jergan Corporation Income Statement For the Years Ended December 31 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $ 741.000 $ 606,200 Less: Sales returns and allowances 40.900 29,600 Net sales 700.100 576.600 Cost of goods sold 426,600 374.500 Gross profit 273.500 202,100 Operating expenses (including income taxes) 182.487 144 440 Net income $ 91.013 $ 57.660 Additional information: 1. The market price of Jergan's common stock was $ 7.00. S 7.50. and S 8.50 for 2018. You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2019 and 2020. (Round Asset tumover and Earnings per share to 2 decimal places, eg. 1.65. Round payout ratio and debt to assets ratio to O decimal places, eg: 18%. Round all other answers to 1 decimal place, eg 6.8 or 6.8%) 2019 2020 (1) Profit margin 10 % 13 % (2) Gross profit rate 35.05 % 39.07 % (3) Asset turnover 1.06 times 1.61 times (4) Earnings per share $ 4149 $ 29.42 (5) Price-earnings ratio times times (6) Payout ratio % 25.62 % (7) Debt to assets ratio 100.00 96 25.62 % e Textbook and Media