The following condensed information is reported by Sporting Collectibles.

Required:
1. Calculate the following profitability ratios for 2024:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.
2. Determine the amount of dividends paid to shareholders in 2024.

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Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2024 $14,820,000 9,544,080 418,000 $ 1,700,000 2,300,000 $4,000,000 $ 1,300,000 1,400,000 900,000 400,000 $4,000,000 2023 $9,400,000 6,900,000 348,000 $1,600,000 2,000,000 $3,600,000 $1,000,000 1,400,000 900,000 300,000 $3,600,000