Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 25% 15% 19.5 times 35% Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Profitability Ratio Gross profit ratio Return on assets Profit margin Asset turnover Return on equity % % % times 136 ces ma 2. Do you think the company is more profitable or less profitable than the industry average More profitable Less profitable WHO 3 The 2021 conectamento Adrian Express repons sales of $15,327,000, cost of goods sold of 906.000, and net income at $1.500.000 Dance sheet information is provided in the following table ADSEN BUSS Balance Sheets December 2010 2003 212 1 Quran 5. 3, 5. 62, 1,560, 5,400, 57, -Acts receivable wory Longeren Total a Stockhoda' fost Larrt is Long-tere lidt Comerc areas Total tid tar modt 12, 11.04 2.1 300.000 1,WO 1. 3210 13, 18,457,32, Industry averages for the following four risk musios are as folow 25 days arge collection period days in wory arrero Detta rete 2 to 1 SA Required 1. Calculateur ratios isted above for Adilan press in 2021 (Use 365 days in a year. Round your answers to encima place 12 Awege con par Beginnery Curtea DO days 4 The 2001-cometer of Adrian Express reports sales of $22.910.000. cost of goods sold of $13,150,000, and net income of $2.420.000 Balance sheet ismetion is provided in the following table. MERESS Balance Sheets December 5 3,5 51,01, 2,0 1.1. 2,5, 1 SE 111,18,19, Car CS NEITHER Teventory Langarm Total les and certain Celiulitiet Long ated in Total Diablities to quity 52, 2,724, 2, 13,976, 2.1 2.1 20 SH SL1,000, Indussyweriges for the following profitability ratios are as follows rosolitratia Witam Profi ww At over 45 253 134 19.5 Pequired 1. Calculete prototy ratiosisted above for Adrian Express (Peund your answers to decimal place mes Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 25% 15% 19.5 times 35% Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Profitability Ratio Gross profit ratio Return on assets Profit margin Asset turnover Return on equity % % % times 136 ces ma 2. Do you think the company is more profitable or less profitable than the industry average More profitable Less profitable WHO 3 The 2021 conectamento Adrian Express repons sales of $15,327,000, cost of goods sold of 906.000, and net income at $1.500.000 Dance sheet information is provided in the following table ADSEN BUSS Balance Sheets December 2010 2003 212 1 Quran 5. 3, 5. 62, 1,560, 5,400, 57, -Acts receivable wory Longeren Total a Stockhoda' fost Larrt is Long-tere lidt Comerc areas Total tid tar modt 12, 11.04 2.1 300.000 1,WO 1. 3210 13, 18,457,32, Industry averages for the following four risk musios are as folow 25 days arge collection period days in wory arrero Detta rete 2 to 1 SA Required 1. Calculateur ratios isted above for Adilan press in 2021 (Use 365 days in a year. Round your answers to encima place 12 Awege con par Beginnery Curtea DO days 4 The 2001-cometer of Adrian Express reports sales of $22.910.000. cost of goods sold of $13,150,000, and net income of $2.420.000 Balance sheet ismetion is provided in the following table. MERESS Balance Sheets December 5 3,5 51,01, 2,0 1.1. 2,5, 1 SE 111,18,19, Car CS NEITHER Teventory Langarm Total les and certain Celiulitiet Long ated in Total Diablities to quity 52, 2,724, 2, 13,976, 2.1 2.1 20 SH SL1,000, Indussyweriges for the following profitability ratios are as follows rosolitratia Witam Profi ww At over 45 253 134 19.5 Pequired 1. Calculete prototy ratiosisted above for Adrian Express (Peund your answers to decimal place mes