The 2018 income statement of Adrian Express reports sales of $19,910,000, cost of goods sold of $12,400,000, and net income of $1,820,000. 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 receivable Inventory S 760,000 890,000 1.145,000 1,575,000 4,370,000 1,675,000 2,105,000 4,960,000 Long-term assets Total assets S9,500,000 $7,980,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings S1,986,000 $1.796,000 2,454,000 2,536,000 945,000 3,085,000 1703,000 1,975,000 Total liabilities and stockholders' equity S9,500,000 $7.980,000 Industry averages for the following profitability ratios are as follows 45 % 25 % 15% 2.5 times 35 % Gross profit ratio Return on assets Profit margin Asset turnover Return on equity Required the nve portability ratios isted a ove for Adnan Express (Round your answers to 1 decimal place.) Profitability Ratios Gross profit ratio Return on assets Profit margin Asset turnover Return on equity times 2. Do you think the company is more profitable or less profitable than the industry average? O More profitable Less profitable