A company has the following data for the year Sales revenue Cost of goods sold Net income Average total assets Closing stock price Average shares of common stock Closing stock price $7,200,000 $5,800,000 $1,600,000 $9,100,000 $6,300,000 4,000,000 5.40 Required: Calculate the following profitability ratios for 2021. (Round your answers to 1 decimal place.) % % Profitability Ratios 1. Gross profit ratio 2. Return on assets 3. Profit margin 4. Asset turnover 5. Return on equity 6. Price-earnings ratio % times % times