The 2021 income statement of Adrian Express reports sales of $21,510,000, cost of goods sold of $12,800,000, and net income of $2,140,000 Balance sheet information is provided in the following table. ADRIAN EXPRESS December 31, 2021 and 2020 Balance Sheets 2021 Assets Current assets Cash Accounts receivable Inventory Long-ters assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 920,000 $90,000 1,875, Bee 1,265,000 2,385,000 1,775,000 5,120,000 4,450.000 310, 300,000 $8,460,000 $ 2,162,000 51,892,000 2,598,00 2,632,000 2,175,000 2,065,000 3,363,00 1.671.000 510,300,000 58,460,00 Industry averages for the following profitability ratios are as follows 453 Grass profit ratio Return on assets Profit sargin Asset turnover Return on equity 12.5 times Required: 1. Calculate the five profitability ratlos usted 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 2. Do you think the company is more profitable or less profitable than the industry average? More profitable Less profitable