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Profitability Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Statements of Income (in thousands except per share amounts) Consolidated Balance Sheets begin{tabular}{|c|c|c|} hline

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Profitability Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Statements of Income (in thousands except per share amounts) Consolidated Balance Sheets \begin{tabular}{|c|c|c|} \hline Total current liabilities & $707,444 & $720,778 \\ \hline Long-term debt & 650,000 & 541,639 \\ \hline Deferred income taxes & 275,101 & 274,844 \\ \hline Other long-term liabilities & 61,267 & 41,572 \\ \hline Total liabilities & $1,693,812 & $1,578,833 \\ \hline Stockholders' equity: & & \\ \hline Preferred stock & $100,000 & $100,000 \\ \hline Common stock & 89,727 & 89,727 \\ \hline Additional paid-in capital-common stock & 128,906 & 127,776 \\ \hline Retained earnings & 2,397,112 & 2,136,794 \\ \hline & $2,715,745 & $2,454,297 \\ \hline Less: Treasury stock, at cost & (292,052) & (186,680) \\ \hline Total stockholders' equity & $2,423,693 & $2,267,617 \\ \hline Total liabilities and stockholders' equity & $4,117,505 & $3,846,450 \\ \hline \end{tabular} Use the information provided above and below to respond to the following requirements. \begin{tabular}{|c|c|} \hline Statement Item & January 1, 2022 (in thousands) \\ \hline Total assets & $3,485,233 \\ \hline Total stockholders' equity & 2,083,122 \\ \hline \end{tabular} Use the information provided above and below to respond to the following requirements. Required: Compute the five profitability ratios for 2022 and 2023. Round intermediate calculations and final answers to two decimal place

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