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Just need e on part 1! The following condensed information is reported by Sporting Collectibles. 2021 2020 $13,912,000 8,987,152 406,080 $9,200,000 6,700,000 328,000 Income Statement
Just need e on part 1!
The following condensed information is reported by Sporting Collectibles. 2021 2020 $13,912,000 8,987,152 406,080 $9,200,000 6,700,000 328,000 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 1,680,000 2,280,000 $ 3,960,000 $ 1,280,000 1,420,000 880,000 380,000 $ 3,960,000 $1,580,000 1,980,000 $3,560,000 $ 980,000 1,420,000 880,000 280,000 $3,560,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Answer is not complete. a. % % b. Profitability Ratios Gross profit ratio 35.4 Return on assets 10.8 Profit margin 2.9 Asset turnover 3.7 Return on equity C. % d. times e. % 2. Determine the amount of dividends paid to shareholders in 2021. Answer is complete and correct. The amount of dividends paid s 306,080 Step by Step Solution
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