The 2021 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 Sheets

December 31, 2021 and 202020212020AssetsCurrent assets:Cash$760,000$890,000Accounts receivable1,675,0001,145,000Inventory2,105,0001,575,000Long-term assets4,960,0004,370,000Total assets$9,500,000$7,980,000Liabilities and Stockholders' EquityCurrent liabilities$1,986,000$1,796,000Long-term liabilities2,454,0002,536,000Common stock1,975,0001,945,000Retained earnings3,085,0001,703,000Total liabilities and stockholders' equity$9,500,000$7,980,000

Industry averages for the following profitability ratios are as follows:

Gross profit ratio45%

Return on assets25%Profit margin15%Asset turnover4.5timesReturn on equity35%

i have to find out: Gross profit Ratio, Return on Assets, Profit MArgin, Asset Turnover, Return on equity