Ratio

The 2015 income statement of Adrian Express reports sales of $19,310,000, cost of $12250,000, and net income of $1,700,000. Balance sheet information is provided in the following table. goods sold of ADRIAN EXPRESS Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Current assets: Cash Accounts receivable Inventory $ 700,000 S 860,000 1,600,000 1,100,000 2,000,000 1,500,000 4,900,000 4,340,000 Long-term assets Total assets $9,200,000 $7,800,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained eamings $1,920,000 $1,760,000 2,400,000 2,500,000 1,900,000 1,900,000 2,980,000 1,640,000 Total liabilities and stockholders' equity $9,200,000 $7800,000 Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 45 % 25 % 15% 2.5 times 35 % Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Profitability Ratios Gross profit ratio Return on assets Profit margin Asset turnover Return on equity times