The 2021 Income statement of Adrian Express reports sales of $23,310,000, cost of goods sold of $13,250,000, and net income of $2,500,000. Balance sheet Information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Asseto Current assets Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders Equity Current liabilities Long-term liabilities Common stock Retained earninga Total liabilities and stockholdere equity $ 1,100,000 $1,060,000 2,100,000 1,400,000 2,700,000 2,000,000 5,300,000 4,540,000 $11,200,000 $9,000,000 5 $ 2,360,000 $2,000,000 2,760,000 2,740,000 2,400,000 2,200,000 3,680,000 2,060,000 $11,200,000 $9,000,000 Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on anneta Profit margin Asset turnover Return on equity 454 250 151 20.5 times 358 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 %