Answer Happy

Condensed balance sheet and income statement data for Concord Corporation are presented here. Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Concord Corporation Balance Sheets December 31 Long-term debt Common stock, $10 par Retained earnings 2022 $ 30,000 50,100 89,200 55,800 500,600 $725,700 $85,000 144,400 357,000 139,300 $725,700 2021 $ 16,800 44,600 95,900 69,500 369,200 $596,000 $79,800 84,100 314,000 118,100 $596,000 2020 $ 17,300 47,000 64,300 44,400 359,000 $532,000 $71,000 50,500 312,000 98,500 $532,000

Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income Concord Corporation Income Statements For the Years Ended December 31 Additional information: 1. 2. 2022 $737,500 40,300 697,200 425,100 272,100 188,436 $83,664 2021 $605,900 30,800 575,100 368,500 206,600 149,090 $57,510 The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends declared. All declared dividends were paid in cash in the year of declaration.

Compute the following ratios for 2021 and 2022. (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%.) (1) (2) (3) (4) (5) (6) (7) Profit margin Gross profit rate Asset turnover Earnings per share $ Price-earnings ratio Payout ratio Debt to assets ratio 2022 % % times times % % $ 2021 % % times times % %