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 $ $ 242,000 98,000 105,000 5,000 130,000 102,000 90,000 3,000 580,000 890,000 (528,000) $1,392,000 580,000 770,000 (368,000) $1,307,000 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 $ $ 109,000 7,000 9,000 95,000 13,000 6,000 110,000 220,000 800,000 357,000 $1,392,000 800,000 173,000 $1,307,000 Additional information for 2021: 1. Net income is $184,000. 2. Sales on account are $1,890,000. 3. Cost of goods sold is $1,394,250. 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 times e. Return on equity % 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Yes O No