The condensed balance sheet and income statement data for Symbiosis Corporation are presented below.

Additional information:
1. The market price of Symbiosis common stock was $5.00, $3.50, and $2.80 for 2012, 2013, and 2014, respectively.
2. You must compute dividends paid. All dividends were paid in cash.
Instructions
Compute the following ratios for 2013 and 2014.
(1) Profit margin.
(2) Gross profit rate.
(3) Asset turnover.
(4) Earnings per share.
(5) Price-earnings ratio.
(6) Payout ratio.
(7) Debt to assets ratio.
(b) Based on the ratios calculated, discuss briefly the improvement or lack thereof in the financial position and operating results from 2013 to 2014 of SymbiosisCorporation.

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SYMBIOSIS CORPORATION Balance Sheets December 31 2014 2013 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 30,000 110,000 80,000 90,000 503,000 $813,000 24,000 48,000 78,000 70,000 400,000 $620,000 2012 20,000 48,000 62,000 50,000 360,000 $540,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings 98,000 75,000 75,000 340,000 130,000 813,000 $620,000 130,000 400,000 185,000 70,000 65,000 300,000 105,000 $540,000 SYMBIOSIS CORPORATION Income Statements For the Years Ended December 31 2014 $800,000 40,000 760,000 420,000 340,000 Operating expenses (including income taxes) 230,000 $110,000 Sales reventic Less: Sales returns and allowances Net sales Cost of goods sold Gross profit 2013 750,000 50,000 700,000 406,000 294,000 209,000 85,000 Net income