es The following condensed information is reported by Sporting Collectibles. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets. Total assets. Current liabilities Long-term liabilities. Common stock Retained earnings 2021 2020 $10,024,000 $8,300,000 6,565,720 5,800,000 354,420 238,000 $ 1,590,000 2,190,000 $ 3,780,000 $ 1,190,000 1,510,000 790,000 290,000 $1,490,000 1,890,000 $3,380,000 $ 890,000 1,510,000 790,000 190,000 $3,380,000 Total liabilities and stockholders' equity $ 3,780,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio % b. Return on assets % C. Profit margin % d. Asset turnover times e. Return on equity %