10 The following formation applies to the questions displayed below) Income statement and balance sheet data for Great Adventures, Inc. are provided below. Part 2 of 2 GREAT ADVENTURES, IN For the year ended December 11, 2032 9.00 cost of goods sold Operating expenses Depreciation expense 15, Income tax expense Total expenses Net Incor 142,898 $ 29, GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 other current assets Logoten sets: Accumulated depreciation 54,660 Si, (27.500 .550 $1,966654 $112.550 Liabilities and stockholders Equity Current 11 ities: Accounts payable 27,60 other current liabilities otes payable (current Ne paydo Cortes 32,200 27,400 10,20 60,92 14,550 Faid in coital Retained earnings Treasury stock Total liabilities and stockholders' equity $1,944,664 $112.550 As you can tell from the financial statements 2022 was an especially busy year Tony and Suze were able to use the money received from borrowing and the sonce of stock to buy and and begin construcion of cabins, dining faces ropes course and the outdoor swimming pool They even putin o boby pool to celebrate the birth of their schia 2. Calculate the following profitability ratios for 2022 Use 365 days in a year. Round your intermediate calculations and final $ 274,574 64, 720 point 1,120 5,380 720,000 $55,00 34,660 22.00. $1,4,684 51, eee 5112,55e Accounts receivable Inventory other current assets Long-ter assets: Land Buildings Equipment Acculated depreciation Total assets Liabilities and stockholders Equity Current liat Accounts pa) Interest payable Income tax payable other current liabilities Notes payable (current) Notes payable (long-term) Stockholdersequity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ 3,240 14,220 23,000 1,3 15,6ee 27,6 78,239 678,653 Reference 142,089 1,104,200 60,92 34,55e $1,966,684 $112,55e As you can tell from the financial statements. 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. 2. Calculate the following profitability ratios for 2022 (Use 365 days in a year. Round your Intermediate calculations and final answers to 1 decimal place.) Gross profit ratio. (Hint Use net sales revenues) Return on assets Profit margin (Hint Use net sales revenues) Asset turnover (Hint Use nel sales revenues) Return on equity