Assets Current assets: ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities - Connon stock Retained earnings. Total liabilities and stockholders' equity $780,000 $900,000 1,700,000 1,160,000 2,140,000 1,600,000 4,900,000 4,300,000 $9,600,000 $8,040, 0001 $2,000,000 $1,808, 000 2,472,000 2,548,000 2,000,000 1,960,000 3,120,000 1,724,000 $9,000,000 $0,040,000 Industry averages for the following profitability ratios are as follows: Gross profit ration Return on assets Profit margin Asset turnover Return on equity 45% 25% 15% 5.5times 35% < Prev 32 of 33 Next > A0 Help Save & Ex Submit Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity Required: 45% 25% 15% 5.5times 35% 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Profitability Ration Gross probit ratio Return on assets % Profit margin % Asset turnover times Return on equity % < Previ 32 of 33 Next >