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View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Concord Corporation are presented here. CONCORD CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $31.000 $ 21.000 $ 19,000 Accounts receivable (net) 51.000 46,000 49,000 Other current assets 98,000 103.000 72.000 Investments 63.000 78.000 53,000 Plant and equipment (net) 500.000 370,000 358,000 $743.000 $618,000 $551,000 Current liabilities $ 86,000 $ 81,000 $ 71.000 Long-term debt 153,000 93.000 58.000 Common stock, $10 par 328.000 318.000 308,000 Retained earnings 176,000 126.000 114.000 5743.000 5618.000 $551.000 CONCORD CORPORATION Income Statements Corv CONCORD CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $748,000 $608,000 1> Less: Sales returns and allowances 40.280 29.345 Net sales 707.720 578,655 Cost of goods sold 432.684 357.740 Gross profit 275,036 220.915 Operating expenses including income taxes) 180,676 150,914 Net income $ 94,360 $70,001 Additional information 1 The market price of Concord common stock was $7.00.57.84 and 57.30 for 2020 2021 and 2022. respectively You must compute dividends paid. All dividends were paldin cash 2 (a) Compute the followinisation for 2021 and 2023 (Round camins per share and asset turnov to 2 decimal placeres 183 and all other answers to 1 decimal place. Her (a) Compute the following ratios for 2021 and 2022. (Round earnings per share and asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%) 2022 2021 Profit margin % % % % Gross profit rate 96 96 Asset turnover times times Earnings per share s $ Price-earnings ratio times times Payout ratio 9 % Debt to assets ratio e Textbook and Media Attempts:0 of 3 used Submit Answer Save for Later Last saved 17 hours ago Saved work will be auto submitted on the due date Auto