Question: Data for The Athletic Attic are provided in P124B. Earnings per share for the year ended December 31, 2021, are $1.36. The closing stock price

Data for The Athletic Attic are provided in P12–4B. Earnings per share for the year ended December 31, 2021, are $1.36. The closing stock price on December 31, 2021, is $22.42.

The following income statement and balance sheets for The Athletic Attic are provided.

Data for The Athletic Attic are provided in P12–4B. Earnings per share

for the year ended December 31, 2021, are $1.36. The closing stock

Required:
Calculate the following profitability ratios for 2021:
1. Gross profit ratio.
2. Return on assets.
3. Profit margin.
4. Asset turnover.
5. Return on equity.
6. Price-earnings ratio.

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