The balance sheets for Plasma Screens Corporation and additional information are provided below.

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020
	2021				2020
Assets
Current assets:
Cash	$	127,960			$	119,000
Accounts receivable		76,000				91,000
Inventory		94,000				79,000
Investments		3,900				1,900
Long-term assets:
Land		470,000				470,000
Equipment		780,000				660,000
Less: Accumulated depreciation		(418,000	)			(258,000	)
Total assets	$	1,133,860			$	1,162,900
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	97,800			$	84,000
Interest payable		6,000				11,900
Income tax payable		8,000				4,900
Long-term liabilities:
Notes payable		120,000				240,000
Stockholders' equity:
Common stock		690,000				690,000
Retained earnings		212,060				132,100
Total liabilities and stockholders' equity	$	1,133,860			$	1,162,900

Additional information for 2021:

1. Net income is $79,960.
2. Sales on account are $1,486,300.
3. Cost of goods sold is $1,141,800.

Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.)

a. Gross Profit Ratio ____ %

b. Return on Assets ____ %

c. Profit Margin ____%

d. Asset Turnover ____ times

e. Return on Equity ____ %