Exercise 12-9 (Algo) Calculate profitability ratios (LO12-4) The following condensed information is reported by Beany Baby Collectibles. 2024 $9,204,000 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 Total liabilities and stockholders' equity Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. 2023 $8,100,000 6,047,028 343,380 5,600,000 218,000 $1,570,000 $1,470,000 2,170,000 1,870,000 $3,740,000 $3,340,000 $1,170,000 $870,000 1,530,000 1,530,000 770,000 770,000 270,000 $3,740,000 170,000 $3,340,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following profitability ratios for 2024: (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 % < Required 1 Required 2 > 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of dividends paid to shareholders in 2024. The amount of dividends paid < Required 1 Required 2 >