The balance sheets for Video Screens Corporation and additional information aro 1. Net income is $79,960. 2. Sales on account are $1,486,300. (All sales are credit sales.) 3. Cost of goods sold is $1,141,800. Required: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.)