The 2018 income statement of Adrian Express reports sales of $15.2 million, cost of goods sold of $10 million, and net income of $3.2 million. Balance sheet information is provided in the following table.

Industry averages for the following profitability ratios are as follows:

1. Calculate the five profitability ratios given below for Adrian Express. (Round your answers to 1 decimal place.)

2. Do you think the company is more profitable or less profitable than the industry average?

ADRIAN EXPRESS Balance Sheet December 31, 2018 and 2017 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2017 2018 800,000 900,000 2,100,000 1,800,000 1,500,000 1,600,000 5,200,000 5,400,000 9,600,000 9,700,000 1,800,000 2,000,000 1,500,000 2,100,000 3,000,000 3,000,000 3,300,000 2,600,000 9,600,000 9,700,000