Problem 14-3A a Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2020 2019 2018 Cash $ 30,400 $ 17,100 $ 18,300 Accounts receivable (net) 50,600 45,100 48,600 Other current assets 89,600 95,000 64,700 Investments 55,100 70,500 45,200 Plant and equipment (net) 499,800 369,700 358,700 $725,500 $597,400 $535,500 Current liabilities $84,300 $80,500 $69,800 Long-term debt 144,400 84,500 50,200 Common stock, $10 par 384,000 321,000 304,000 Retained earnings 112,800 111,400 111,500 $725,500 $597,400 $535,500Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $738,000 $606,600 Less: Sales returns and allowances 40,800 31,000 Net sales 697,200 575,600 Cost of goods sold 425,600 369,000 Gross profit 271,600 206,600 Operating expenses (including income taxes) 180,964 149,040 Net income $ 90,636 $ 57,560 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.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 % %