Assets Current assets: Cash Accounts receivable ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 Inventory Long-term assets Total assets. Liabilities and Stockholders' Equity Current liabilities Long-term liabilities. Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following four risk ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity Required: 45% 25% 15% 13.5 times 35% 2024 2023 $940,000 1,900,000 $980,000 1,280,000 2,420,000 1,800,000 5,140,000 4,460,000 $10,400,000 $8,520,000 $2,184,000 $1,904,000 2,616,000 2,644,000 2,200,000 2,080,000 3,400,000 $10,400,000 1,892,000 $8,520,000 1. Calculate the five profitability ratios listed above for Adrian Express. 2. Do you think the company is more profitable or less profitable than the industry average?