Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $199,680 460 $40,200 72,140 18,950 11,024 16,200 158,514 $ 41,626 Assets Current assets: GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 325,848 50,660 $ 64,840 10,400 1,240 5,860 840,000 885,000 0 97,020 57,000 (28,650) (8,850) $2,181,518 $118,850 $ 24,200 $ 3,480 Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 1,600 16,200 920 14,340 31,200 82,363 0 789,259 33,400 154,000 31,560 1,213,400 61,296 (192,000) 35,150 0 $2,181,518 $118,850 As you can tell from the financial statements, 2022 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 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. Profit margin. (Hint: Use net sales revenues) % d. Asset turnover. (Hint: Use net sales revenues) times e. Return on equity. %