The 2018 income statement of Adrian Express reports sales of S21,110,000, cost of goods sold of $12,700,000, and net income of $2,060,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current assets: Cash Accounts recelvable Inventory $880,000 950,000 1,825,000 1,235,000 2,315,000 1725,000 5,080,000 4,430,000 Long-term assets Total assets $10.100,000 $8,340,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained eamings $ 2,118,000 $1,868,000 2,562,000 2,608,000 2125,000 2,035,000 3,295,000 ,829,000 Total liabilities and stockholders' equity $10,100,000 $8,340,000 Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 45 % 25 % 15% 2.5 times 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 Return on equity imes