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The 2024 income statement of Adrian Express reports sales of $20,910,000, cost of goods sold of $12,650,000, and net income of $2,023,000. Balance sheet information

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The 2024 income statement of Adrian Express reports sales of $20,910,000, cost of goods sold of $12,650,000, and net income of $2,023,000. Balance sheet information is provided in the following table. Industry averages for the following ratios are as follows: Required: 1. Calculate the five ratios listed above for Adrian Express. 2. Do you think the company is more profitable or less profitable than the industry average

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