The 2021 income statement of Adrian Express reports sales of $21,710,000, cost of goods sold of $12,850,000, and net income of $2,180,000. Balance sheet information is provided in the following table.

The 2021 income statement of Adrian Express reports sales of $21,710,000, cost of goods sold of $12,850,000, and net income of $2,180,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 940,000 1,900,000 2,420,000 5, 140,000 $10,400,000 $ 980,000 1,280,000 1,800,000 4,460,000 $8,520,000 Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 2,184,000 2,616,000 2,200,000 3,400,000 $10,400,000 $1,904,000 2,644,000 2,080,000 1,892,000 $8,520,000 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% 13.5 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 %