The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $150,600. 2. Sales on account are $1,215,500. (All sales are credit sales.) 3. Cost of goods sold is $973,400. Required: 1. Calculate the following profitability ratios for 2024: 71,000 $208,600 $111,000 60,000 83,000 86,000 3,100 1,100 390,000 390,000 700,000 580,000 (178,000) (338,000) $1,109,700 $1,058,100 $88,200 $76,000 6,000 11,100 8,000 4,100 110,000 220,000 610,000 610,000 287,500 136,900 $1,109,700 $1,058,100 2. When we compare two companies, can one have a higher retum on assets while the other has a higher return on equity?