Profitability Ratios Refer to Gorky's financial statements in Exercise 13-69, and the information below..

\section*{Required:}
1. Compute the seven profitability ratios (in percentage terms, rounded to two decimal places) for both 2017 and 2018. Note: Assume cash flow from operating activities is \(\$ 1,250,000\).
2. CONCEPTUAL CONNECTION Explain what these ratios suggest about Gorky's profitability. Indicate what other information you would like to know to further assess Gorky's profitability.
\section*{OBJECTIVE 4 Exercise