The 2015 income statement of Adrian Express reports sales of $22,910,000, cost of goods sold of $13,150,000, and net income of $2,420,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Current assets: 1,060,000 $1,040,000 Cash Accounts receivable 2,050,000 1,370,000 Inventory 2,630,000 1,950,000 5,260,000 4,520,000 Long-term assets Total assets $11,000,000 $8,880,000 Liabilities and Stockholders' Equity 2,316,000 $1,976,000 Current liabilities Long-term liabilities 2,724,000 2,716,000 Common stock 2,350,000 2,170,000 Retained earnings 3,610,000 2,018,000 Total liabilities and stockholders' equity $11,000,000 $8,880,000 Industry averages for the following profitability ratios are as follows: Gross profit ratio 45 25 Return on assets Profit margin 15 2.5 times Asset turnover Return on equity 35 Required 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Profitability Ratios Gross profit ratio Return on assets Profit margin Asset turnover times Return on equity