Question: I could use some help with computing the following ratios please: Problem 18-03A a Condensed balance sheet and income statement data for Jergan Corporation are

I could use some help with computing the following ratios please:

I could use some help with computing the following ratios please: Problem18-03A a Condensed balance sheet and income statement data for Jergan Corporation

Problem 18-03A a Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $29,700 $ 17,100 $ 17,600 Accounts receivable (net) 49,000 45,900 47,800 Other current assets 90,300 94,300 63,400 Investments 55,600 69,600 45,100 Plant and equipment (net) 500,800 370,400 357,600 $725,400 $597,300 $531,500 Current liabilities $85,900 $80,700 $70,100 Longterm debt 145,800 84,800 49,500 Common stock, $10 par 348,000 313,000 309,000 Retained earnings 145,700 118,800 102,900 $725,400 $597,300 $531,500 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $742,500 $606,300 Less: Sales returns and allowances 39,500 30,500 Net sales 703,000 575,800 Cost of goods sold 425,800 367,000 Gross profit 277,200 208,800 Operating expenses (including income taxes) 192,840 145,462 Net income $ 84,360 $ 63,338 Additional information: 1. The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 2. You must compute dividends paid. All dividends were paid in cash. (3) 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 I % I % (2) Gross profit rate I % I % (3) Asset turnover I times I times (4) (5) (5) (7) Earnings per share $ $ Price-earnings ratio I times I times Payout ratio I % I % Debt to assets ratio I % I %

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