The 2012 income statement of Adrian Express reports sales of $22 million, cost of goods sold of $11.0 million, and net income of $1.4 million. Balance sheet information is provided in the following table. All amounts are in thousands. ADRIAN EXPRESS Balance Sheet December 31, 2012 and 2011 ($ in 000s) 2012 2011 Assets Current assets: Cash $ 480 $ 640 Accounts receivable 1,840 1,440 Inventory 1,900 1,500 Long-term assets 4,000 4,500 Total assets $ 8,220 $ 8,080 Liabilities and Stockholders' Equity Current liabilities $ 2,280 $ 1,920 Long-term liabilities 1,800 1,900 Common stock 3,000 3,000 Retained earnings 1,140 1,260 Total liabilities and stockholders' equity $ 8,220 $ 8,080 Industry averages for the following four risk ratios are as follows: Gross profit ratio 56 % Return on assets 22 % Profit margin 14 % Asset turnover 3 times Return on equity 29 % Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place. Omit the "%" sign in your response.)

Profitability Ratios
Gross profit ratio	%
Return on assets	%
Profit margin	%
Asset turnover	times
Return on equity	%