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 $ 215,040 $ 128,000 94,000 100,000 103,000 88,000 4,800 2,800 560,000 560,000 870,000 750,000 (588,000) (348,000) $1,338,840 $1,280,800 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 $ 106,600 $ 7,000 9,800 93,000 12,800 5,800 120,000 240,000 780,000 780,000 316,240 149,200 $1,338,840 $1,280,800 Additional information for 2021 1. Net income is $167,040. 2 Sales on account are $1,813,900. 3. Cost of goods sold is $1,346,550. Additional information for 2021 Net income is $167010 2 Sales on account are $1811900. 3. Cost of goods sold is $1,346,550 Required: 1. Calculate the following profitability ratios for 2021 (Round your answers to 1 decimal place Prunty Ratios proto Return on Promin d Assemover Ritun on equity 2. When we compare two companies, can one have a higher return on assets while the other has a hugher return on equity? Yos NO