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F.43) Hey this is one of the last questions on my quiz and I would like to get done with this assignment, can you please

F.43) Hey this is one of the last questions on my quiz and I would like to get done with this assignment, can you please help me?

Income statement and balance sheet data for Great Adventures, Incorporated, are provided below.

GREAT ADVENTURES, INCORPORATED
Income Statement
For the Year Ended December 31, 2025
Net sales revenues $ 176,690
Interest revenue 240
Expenses:
Cost of goods sold $ 39,100
Operating expenses 58,720
Depreciation expense 17,850
Interest expense 8,281
Income tax expense 15,100
Total expenses 139,051
Net income $ 37,879

GREAT ADVENTURES, INCORPORATED
Balance Sheets
December 31, 2025 and 2024
2025 2024
Assets
Current assets:
Cash $ 231,844 $ 64,620
Accounts receivable 48,680 0
Inventory 8,200 0
Other current assets 1,020 4,980
Long-term assets:
Land 620,000 0
Buildings 830,000 0
Equipment 74,360 46,000
Accumulated depreciation (26,450) (8,300)
Total assets $ 1,787,654 $ 107,300
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable $ 22,000 $ 3,040
Interest payable 1,050 810
Income tax payable 15,100 14,120
Other current liabilities 24,600 0
Notes payable (current) 60,137 0
Notes payable (long-term) 586,478 31,200
Stockholders equity:
Common stock 132,000 24,080
Paid-in capital 1,013,200 0
Retained earnings 59,089 34,050
Treasury stock (126,000) 0
Total liabilities and stockholders equity $ 1,787,654 $ 107,300

As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child.

2. Calculate the following profitability ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)

a. Gross profit ratio. (Hint: Use net sales revenues.) %
b. Return on assets. %
c. Profit margin. (Hint: Use net sales revenues.) %
d. Asset turnover. (Hint: Use net sales revenues.) times
e. Return on equity. %

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