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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
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 $10,024,000 6,565,720 354,420 2,190,000 $ 1,590,000 $ 3,780,000 $8,300,000 5,800,000 238,000 $1,490,000 1,890,000 $3,380,000 $ 1,190,000 $ 890,000 1,510,000 790,000 290,000 Total liabilities and stockholders' equity $ 3,780,000 1,510,000 790,000 190,000 $3,380,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio % b Return on assets % C. Profit margin % d Asset turnover times e. Return on equity % 2. Determine the amount of dividends paid to shareholders in 2021.
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