VIEW POLICIOS Current Attempt in Progress Condensed balance sheet and income statement data for Grouper Corporation are presented here. 2020 $19.000 GROUPER CORPORATION Balance Sheets December 31 2022 2021 Cash $ 31,000 $21,000 Accounts receivable (net) 51.000 46,000 Other current assets 96,000 101.000 Investments 61,000 76,000 Plant and equipment (net) 500,000 370,000 49,000 70,000 51.000 358,000 $739,000 $614,000 Current liabilities $ 86,000 $81.000 $547,000 $71.500 56,000 306,000 Long-term debt 151,000 91,000 Common stock, $10 par 316,000 326,000 176.000 Retained earnings 126,000 114,000 $739,000 $614,000 $547,000 GROUPER CORPORATION Income Statements For the Years Ended December 31 2022 2021 Sales revenue $746,000 $606,000 Less Sales returns and allowances 42.440 31,305 GROUPER CORPORATION Income Statements For the Years Ended December 31 2022 2021 $746,000 $606,000 42,440 31.305 Sales revenue Less Sales returns and allowances Net sales Cost of goods sold 703,560 574,695 430,755 355.925 Gross proht 272,805 218.770 Operating expenses (including income taxes) 180,940 151.150 Net Income $ 91.865 $ 67,620 Additional information: 1 The market price of Grouper's common stock was $7.00, $8.68, and $8.58 for 2020 2021 and 2022, respectively You must compute dividends paid. All dividends were paid in cash. 2 (a) Compute the following ratios for 2021 and 2022. (Round earnings per share and asset turnover to 2 decimal places, 0.8 1.83 and all other answers to 1 decimal place, es, 1.8 or 1.8%) 2022 2021 %6 Profit margin Additional information: 1. The market price of Grouper's common stock was $7.00,8.68, and $8.58 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2 (a) Compute the following ratios for 2021 and 2022. (Round carnings per share and asset turnover to 2 decimal places, es 1.83 and all other answers to 1 decimal place, e. 1.8 or 1.8%) 2022 2021 Profit margin Gross proftrate Asset turnover times times $ $ Earnings per share Price-earnings ratio times times 96 % Payout ratio Debt to assets ratio e Textbook and Media Attempts: 0 of 3 used Submit Save for Later