Great Adventures Problem AP12-1 Part 2 2. Calculate the following profitability ratios for 2022. (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. % d. Profit margin. (Hint: Use net sales revenues) Asset turnover. (Hint: Use net sales revenues) Return on equity. times e. % Income statement and balance sheet data for Great Adventures, Inc., are provided below. $ 166,240 140 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $38,600 Operating expenses 52,620 Depreciation expense 17,350 Interest expense 7,034 Income tax expense 14,600 Total expenses Net income 130, 204 $ 36,176