18) Excerpts from Griffith Company's December 31, 2021 and 2020 financial statements are presented below: (8 points) 2021 2020 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total stockholders' equity 240,000 225,000 Net income 32,500 28,000 a. Calculate Griffith Company's 2021 gross profit ratio. b. Calculate Griffith Company's 2021 return on equity. (Round your answer to 1 decimal place.) c. Calculate Griffith Company's 2021 return on assets. (Round your answer to 2 decimal places.) d. Calculate Griffith Companys 2021 inventory turnover. (Round your answer to 2 decimal places.)