The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets Assets Current assets: December 31, 2021 and 2020 2021 2020 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 $ 189,040 $ 126,000 90,000 101,000 98,000 86,000 4,600 2,600 540,000 540,000 850,000 730,000 (488,000) (328,000) $1,286,640 $1,254,600 $ 101,200 $ 91,000 8,500 10,500 12,600 5,600 100,000 200,000 Common stock 760,000 760,000 Retained earnings 306,440 185,400 Total liabilities and stockholders' equity $1,286,640 $1,254,600 Stockholders' equity: Additional information for 2021: 1. Net income is $121,040. 2. Sales on account are $1,739,000. 3. Cost of goods sold is $1,299,650. Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio % b. Return on assets % % c. Profit margin d. Asset turnover e. Return on equity times %