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 $ 115,800 $ 120.000 7.000 92.000 95.000 80 000 4.000 2.000 40000 790 000 400000 670000 (268.000 $1,176 000 20.000 $1,135.800 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 $ 99.000 $ 6,000 8.000 85.000 12000 5.000 100.000 200.000 700 000 700 000 222.000 174000 $1,135.800 51.176.000 Additional information for 2021: 1. Net income is $48,800. 2. Sales on account are $1,521,500. 3. Cost of goods sold is $1,163.750. Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios Gross profitto Remonas c. Profit margin d Asset tumover 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 NO