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Sandhill Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Inventory Other current

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Sandhill Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Inventory Other current assets Total current assets 2,543,400381,4002,122,000247,050 Property, plant, \& equipment, net Total assets \begin{tabular}{rrr} $11,263,8258,720,425 & & $10,539,980 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Retained earnings Total stockholders' equity Sandhill Medical Comparative Income Statement and Statement of Retained Earnings For the Year \begin{tabular}{lrrrr} & 2020 & \multicolumn{2}{c}{2019} \\ Sales revenue (all on account) & $10,177,200 & & $9,613,900 \\ Cost of goods sold & 5,612,200 & & 5,298,750 \\ & & 4,565,000 & & 4,315,150 \\ Operating expenses & 2,840,250 & & 2,634,150 \\ Net operating income & 1,724,750 & & 1,681,000 \\ Interest expense & 300,400 & & 308,600 \\ Net income before taxes & 1,424,350 & & 1,372,400 \\ Income taxes (30\%) & 427,305 & & 411,720 \\ Net income & $997,045 & & $960,680 \\ \hline \end{tabular} Dividends paid Preferred dividends Common dividends Total dividends paid Net income retained 3,660,4803,142,400 Calculate the following profitability ratios for 2020. (Round answers to 1 decimal

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