Income StatementFor the Year Ending December 31, 20X1Sales (on credit)$ 2,106,000Cost of goods sold1,371,000Gross profit$ 735,000Selling and administrative expenses561,000*Note asteriskOperating profit (EBIT)$ 174,000Interest expense33,900Earnings before taxes (EBT)$ 140,100Taxes83,300Earnings after taxes (EAT)$ 56,800*Selling and administrative expenses Note asteriskIncludes $42,700 in lease payments.Using the above financial statements for the Jackson Corporation, calculate the following ratios.Profitability ratios.Note: Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.