The 2024 income statement of Adrian Express reports sales of $21,110,000, cost of goods sold of $12,700,000, and net income of $2,060,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash 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 Industry averages for the following four risk ratios are as follows: Gross profit ratio $880,000 $950,00 1,825,000 1,235,00 2,315,000 1,725,00 5,080,000 4,430,00 $10,100,000 $8,340,00 $2,118,000 $1,868,00 2,562,000 2,608,00 2,125,000 2,035,00 1,829,00 $8,340,00 3,295,000 $10,100,000 Return on assets Profit margin Asset turnover Return on equity Required: 45% 25% 15% 10.5 times 35% 1. Calculate the five profitability ratios listed above for Adrian Express. 2. Do you think the company is more profitable or less profitable than the industry average?