The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018,2019, and 2020, respectively.1.2.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 pershare to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to 0decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)20192020(1)Profit margin%(2)Gross profit rate%(3)Asset turnovertimes(4)Earnings per share$2$(5)Price-earnings ratiotimes(6)Payout ratio%(7)Debt to assets ratio Condensed balance sheet and income statement data for Jergan Corporation are presentedhere.Jergan CorporationBalance SheetsDecember 31202020192018Cash$ 30,400$ 17,100$ 18,300Accounts receivable (net)50,60045,10048,600Other current assets89,60095,00064,700Investments55,10070,50045,200Plant and equipment (net)499,800369,700358,700$725,500$597,400$535,500Current liabilities$84,300$80,500$69,800Long-term debt144,40084,50050,200Common stock, $10 par384,000321,000304,000Retained earnings112,800111,400111,500$725,500$597,400$535,500Jergan CorporationIncome StatementFor the Years Ended December 312019Sales revenue$738,000$606,600Less: Sales returns and allowances40,80031,000Net sales697,200575,600Cost of goods sold425,600369,000Gross profit271,600206,600Operating expenses (including income taxes)180,964149,040Net income$ 90,636$ 57,560Additional information:The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018,2019, and 202O, respectively.1.2.You must compute dividends paid. All dividends were paid in cash.(a)19 and 2020. (Round Asset turnover and Earnings perCompute the following ratiosshare to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to 0decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)

*As per bartleby guideline in case of interlinked question answer first 3 only 1) Calculation of…

The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. 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 0 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

The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 1. 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 0 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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