The 2024 income statement of Adrian Express reports sales of $19,710,000, cost of goods sold of $12,350,000, and net income of $1,780,000. Balance sheet information is provided in the following table. Assets ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 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 Return on assets Profit margin Asset turnover Return on equity Required: 45% 25% 15% 3.5 times 35% $740,000 1,650,000 $880,000 1,130,000 2,070,000 1,550,000 4,940,000 4,360,000 $9,400,000 $7,920,000 3,050,000 $9,400,000 $1,964,000 $1,784,000 2,436,000 2,524,000 1,950,000 1,930,000 1,682,000 $7,920,000 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?