5 The following condensed information is reported by Sporting Collectibles 2021 2020 10 points eBook Hint Ask Print Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities. Long-term liabilities Common stock Retained earnings $10,440,000 6,827,760 $8,400,000 5,900,000 360,000 248,000 $1,600,000 $1,500,000 2,200,000 1,900,000 $3,800,000 $3,400,000 $1,200,000 $900,000 1,500,000 1,500,000 800,000 800,000 300,000 200,000 Total liabilities and stockholders' equity References $3,800,000 $3,400,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a Gross profit ratio b Return on assets c Profit margin d. Asset turnover e. Return on equity times %