The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 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 $122,160. 2. Sales on account are $1,314,800. (All sales are credit sales.) 3. Cost of goods sold is $1,035,050. 2024 $180, 160 66,000 89,000 3,400 2023 $114,000 86,000 74,000 1,400 420,000 610,000 (208,000) 420,000 730,000 (368,000) $1,120,560 $1,097, 400 $79,000 11,400 4,400 $93,800 5,000 7,000 110,000 220,000 640,000 640,000 264,760 142,600 $1,120,560 $1,097,400

The balance sheets for Dual Monitors Corporation and additional information are provided below. Required: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.)