The balance sheets for Video Screens Corporation and additional information are provided below. Additional informetion for 2024 1. Net income is $70.240 2. Soles on account are $1,55 Tooo. (All saies are credit sales) 3. Cost of goods sold is $1,185,900 Required: 1. Calculate the following protitability ratios for 2024 : 2. When we compare two companies, can one have a higher retum 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.)