The following condensed information is reported by a company. Income Statement Information 10 Sales revenue Cost of goods sold 2024 Skipped cBook Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. 2023 $8,004,000 5,282,640 $7,800,000 5,300,000 327,120 188,000 $1,540,000 $1,440,000 2,140,000 1,840,000 $3,680,000 $3,280,000 $1,140,000 $840,000 1,560,000 1,560,000 740,000 740,000 140,000 $3,280,000 240,000 $3,680,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Retum on assets c. Profit margin % % % d. Asset tumover times e. Return on equity % Required 1 Required 2 > 10 Skipped eBook The following condensed information is reported by a company. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. $8,004,000 2024 2023 $7,800,000 5,282,640 5,300,000 327,120 188,000 $1,540,000 $1,440,000 2,140,000 1,840,000 $3,680,000 $3,280,000 $1,140,000 $840,000 1,560,000 1,560,000 740,000 240,000 53,680,000 740,000 140,000 $3,280,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of dividends paid to shareholders in 2024. The amount of dividends paid