The 2018 income statement of Adrian Express reports sales of $20,510,000, cost of goods sold of $12,550,000, and net income of $1,940,000. Balance sheet information is provided in the following table.

ADRIAN EXPRESS Balance Sheet December 31, 2018 and 2017
	2018		2017
Assets
Current assets:
Cash	$	820,000	$	920,000
Accounts receivable		1,750,000		1,190,000
Inventory		2,210,000		1,650,000
Long-term assets		5,020,000		4,400,000
Total assets	$	9,800,000	$	8,160,000
Liabilities and Stockholders' Equity
Current liabilities	$	2,052,000	$	1,832,000
Long-term liabilities		2,508,000		2,572,000
Common stock		2,050,000		1,990,000
Retained earnings		3,190,000		1,766,000
Total liabilities and stockholders' equity	$	9,800,000	$	8,160,000

Industry averages for the following profitability ratios are as follows:

Gross profit ratio	45	%
Return on assets	25	%
Profit margin	15	%
Asset turnover	2.5	times
Return on equity	35	%

Required: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		%