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 Accounts receivable (net) Other current assets Investments Plant and equipment (net) $ 30,600 50,900 90,100 54,700 500,600 $726,900 $85,600 144,200 384,000 113,100 $726,900 $ 17,300 44,500 94,800 70,600 370,000 $597,200 $ 17,300 48,600 64,900 44,600 358,700 $534,100 $70,700 50,900 308,000 104,500 $534,100 Current liabilities Long-term debt Common stock, $10 par Retained earnings $79,000 85,000 319,000 114,200 $597,200 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) $736,500 40,200 696,300 424,600 271,700 181,181 $ 90,519 $605,600 31,000 574,600 372,000 202,600 150,886 $ 51,714 Net income 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. (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 O 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 Click if you would like to Show Work for this question: Open Show Work