Data for Virtual Gaming Systems are provided in P12–4A. Earnings per share for the year ended December 31, 2021, are $1.40. The closing stock price on December 31, 2021, is $28.30.

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.