Ivanhoe Corporation Balance Sheets December 31 2022 2021 2020 Cash $ 30,400 $16,000 $ 17,700 Accounts...

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Ivanhoe Corporation Balance Sheets December 31 2022 2021 2020 Cash $ 30,400 $16,000 $ 17,700 Accounts receivable (net) 50,500 45,600 47,200 Other current assets 89,000 95,200 64,100 Investments 55,800 69,700 45,000 Property, plant, and equipment (net) 499,000 369,400 357,600 $724,700 $595,900 $531,600 Current liabilities $85,100 $80,600 $70,600 Long-term debt 145,000 85,100 49,600 Common stock, $10 par 318,000 313,000 297,000 Retained earnings 176,600 117,200 114,400 $724,700 $595,900 $531,600 Ivanhoe Corporation Income Statement For the Years Ended December 31 2022 2021 Sales $740,500 $605,300 Less: Sales returns and allowances 39,900 29,500 Net sales 700,600 575,800 Cost of goods sold 425,800 373,500 Gross profit 274,800 202,300 Operating expenses (including income taxes) 183,722 144.720 Net income $91,078 $ 57,580 Additional information: 1. 2. The market price of Ivanhoe'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. (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%.) (1) Profit margin (2) Gross profit rate (3) Asset turnover (4) Earnings per share $ (5) Price-earnings ratio (6) Payout ratio 2021 % % times times % 2022 % % times times % do (7) Debt to assets ratio % % Ivanhoe Corporation Balance Sheets December 31 2022 2021 2020 Cash $ 30,400 $16,000 $ 17,700 Accounts receivable (net) 50,500 45,600 47,200 Other current assets 89,000 95,200 64,100 Investments 55,800 69,700 45,000 Property, plant, and equipment (net) 499,000 369,400 357,600 $724,700 $595,900 $531,600 Current liabilities $85,100 $80,600 $70,600 Long-term debt 145,000 85,100 49,600 Common stock, $10 par 318,000 313,000 297,000 Retained earnings 176,600 117,200 114,400 $724,700 $595,900 $531,600 Ivanhoe Corporation Income Statement For the Years Ended December 31 2022 2021 Sales $740,500 $605,300 Less: Sales returns and allowances 39,900 29,500 Net sales 700,600 575,800 Cost of goods sold 425,800 373,500 Gross profit 274,800 202,300 Operating expenses (including income taxes) 183,722 144.720 Net income $91,078 $ 57,580 Additional information: 1. 2. The market price of Ivanhoe'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. (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%.) (1) Profit margin (2) Gross profit rate (3) Asset turnover (4) Earnings per share $ (5) Price-earnings ratio (6) Payout ratio 2021 % % times times % 2022 % % times times % do (7) Debt to assets ratio % %