Income statement and balance sheet data for Great Adventures, Inc., are provided below. $201.77 489 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $40.300 Operating expenses 73.360 Depreciation expense 19,85e Interest expense 11.274 Income tax expense 16,380 Total expenses Net income 160, 284 $41.966 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Assets Current assets: Accounts receivable Inventory Other current assets Long-term assets: $ 334,394 $ 64,860 50.848 10.600 1,260 5,940 B60.680 B92.800 99.88e58.800 (28.85e) (8.909) 52.217.324 $119,98e $ $ 3.520 938 14,360 Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 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 24.4ee 1.650 16,38 31.888 84,383 827,695 33,680 32,240 156, see 1.231.620 61,496 (198,680) $2,217,324 35.25e e $119,900 As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzle 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. 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. b. c. d. e. Gross profit ratio. (Hint: Use net sales revenues) Return on assets Profit margin. (Hint: Use net sales revenues) Asset turnover (Hint: Use net sales revenues) Return on equity. times