Additional Information for 2021: 1. Net income is $143,920. 2. Sales on account are $1,776,300. 3. Cost of goods sold is $1,323,000. Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) 1. Net income is $143,920. 2. Sales on account are $1,776,300. 3. Cost of goods sold is $1,323,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Yes No