Required information Great Adventures Problem AP12-1 The following information applies to the questions displayed below.) Part 2 of 2 Income statement and balance sheet data for Great Adventures, Inc., are provided below. points $168,240 140 GREAT ADVENTURES, INC. Income Statement For the year ended Deceber 31, 2022 Het sales revenues Interest revenue Expenses: Cost of coods sold $38.600 Operating expenses 52,620 Depreciation expense 17, 350 Interest cap ense 7,034 Income tax expense 14.600 Total expenses Net ingone eBook Print 130, 204 $ 38,176 References GREAT ADVENTURES, INC Balance Sheets Decenber 31, 2022 and 2021 2022 2021 $ $ 64,520 189, 114 47, 780 7,200 920 4.580 520,000 805,000 64.060 (25, 450) $1,608, 624 41,000 (8.050) $102,050 Assets Current assets: Cash Accounts receivable Inventory Other current assets Lonstern ossets: Land Buildings Equipment Accunulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Incone tax payable Other current liabilities Kotes payable (ourrent) Notes payable (longtern) Stockholders' equity: Comon stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ 2.810 760 14.020 21,000 800 14.600 21.600 50,034 494, 304 122.000 922,200 58,085 (96.000) $1,608, 624 $102, 050 As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. Great Adventures Problem AP12-1 Part 2 2. Calculate the following profitability ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a. b. C d e. Gross profit ratio. (Hint: Use net sales revenues) Return on assets Profit margin (Hint: Use net sales revenues) Asset turnover (Hint: Use net sales revenues) Return on equity times 2523