The 2021 income statement of Adrian Express reports sales of $22,710,000, cost of goods sold of $13,100,000, and net income of $2,380,000. Balance sheet information is provided in the following table. 2020 ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 Assets Current assets: Cash $ 1,040,000 Accounts receivable 2,025,000 Inventory 2,595,000 Long-term assets 5, 240,000 Total assets $ 10,900,000 Liabilities and Stockholders' Equity Current liabilities $ 2,294,000 Long-term liabilities 2,706,000 Common stock 2,325,000 Retained earnings 3,575,000 Total liabilities and $ 10,900,000 stockholders' equity $1,030,000 1,355,000 1,925,000 4,510,000 $8,820,000 $1,964,000 2,704,000 2,155,000 1,997,000 $8,820,000 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% 18.5 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 times %