The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 202e $ 228,400 96,000 14 , 4,900 $ 129,000 101,000 89 , 2,900 570,000 57 , 880,000 760, eee (518 , ) (358,000) $1,365,300 $1,293,900 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 $ 106,800 $ 7,500 9,500 94,000 12,900 5,900 1 100,000 200,000 79 , 790,000 351,500 191,100 $1,365,300 $1,293,900 Additional information for 2021 1. Net income is $160,400. 2. Sales on account are $1.851,800. 3. Cost of goods sold is $1,370,300. Required: 1. Calculate the following profitability ratios for 2021 (Round your answers to 1 decimal place.) a b % Profitability Ratios Gross profit ratio b Return on assets Profit margin d Asset turnover e Return on equity le times % C Pront margin d Assel turnover e Return on equity % times % 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