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The 2021 Income statement of Adrian Express reports sales of $22,910,000, cost of goods sold of $13,150,000, and net income of $2,420,000. Balance sheet information
The 2021 Income statement of Adrian Express reports sales of $22,910,000, cost of goods sold of $13,150,000, and net income of $2,420,000. Balance sheet information is provided in the following table. Industry averages for the following profitability ratios are as follows: Required: 1. Calculate the five profitability ratios Iisted above for Adrlan Express. (Round your answers to 1 declmal place.)
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