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Income statement and balance sheet data for Great Adventures, Inc., are provided below.

GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net sales revenues				$	166,240
Interest revenue					140
Expenses:
Cost of goods sold	$	38,600
Operating expenses		52,620
Depreciation expense		17,350
Interest expense		7,034
Income tax expense		14,600
Total expenses					130,204
Net income				$	36,176

GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
	2022				2021
Assets
Current assets:
Cash	$	189,114			$	64,520
Accounts receivable		47,780				0
Inventory		7,200				0
Other current assets		920				4,580
Long-term assets:
Land		520,000				0
Buildings		805,000				0
Equipment		64,060				41,000
Accumulated depreciation		(25,450	)			(8,050	)
Total assets	$	1,608,624			$	102,050
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$	21,000			$	2,840
Interest payable		800				760
Income tax payable		14,600				14,020
Other current liabilities		21,600				0
Notes payable (current)		50,034				0
Notes payable (long-term)		494,304				30,200
Stockholders equity:
Common stock		122,000				20,680
Paid-in capital		922,200				0
Retained earnings		58,086				33,550
Treasury stock		(96,000	)			0
Total liabilities and stockholders equity	$	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.

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.	Gross profit ratio. (Hint: Use net sales revenues)		%
b.	Return on assets.		%
c.	Profit margin. (Hint: Use net sales revenues)		%
d.	Asset turnover. (Hint: Use net sales revenues)		times
e.	Return on equity.		%