Income statement and balance sheet data for Great Adventures, Inc., are provided below. $180,870 280 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $39,300 Operating expenses 61,160 Depreciation expense 18,050 Interest expense 8,780 Income tax expense 15,300 Total expenses Net income 142,590 $ 38,560 Balance Sheets December 31, 2022 and 2021 2022 2021 $ 248,936 $ 64,660 49,040 8,600 1,060 5,140 @ 660,000 840,000 78,480 (26,850) $1,859, 266 48 , (8,400) $109,400 Assets Current assets: 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 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 Habilities and stockholders' equity $ 22,400 $ 3,120 1,150 830 15,300 14,160 25,800 @ 64,178 623,348 31,600 25,440 136,000 1,049,600 59,490 (138,000) $1,859,266 34,250 @ $109,400 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 D % % C Gross pronit ratio. (Hint Usenet sales revenues) Retum on assets Profit margin (Hint Usenet sales revenues) Asset turnover (Hint Usenet sales revenues) Retum on equity times