Assets PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 2021 2020 $ 180,160 $ 114,000 66,000 86,000 89,000 74,000 3,400 1,400 420,000 420,000 730,000 610,000 (368,000) (208,000) $1,120,560 $1,097,400 93,800 79,000 Interest payable 5,000 11,400 Income tax payable 7,000 4,400 Long-term liabilities: Notes payable 110,000 220,000 Stockholders' equity: Common stock 640,000 640,000 Retained earnings 264,760 142,600 Total liabilities and stockholders' equity $1,120,560 $1,097,400 Additional information for 2021: 1. Net income is $122,160. 2. Sales on account are $1,314,800. 3. Cost of goods sold is $1,035,050. Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) < Prev 5 of 6 Next >