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The following condensed information is reported by Sporting Collectibles. 2 0 2 1 2 0 2 0 Income Statement Information Sales revenue $ 1 1

The following condensed information is reported by Sporting Collectibles.
20212020
Income Statement Information
Sales revenue $ 11,712,000 $ 8,700,000
Cost of goods sold 7,624,5126,200,000
Net income 376,980278,000
Balance Sheet Information
Current assets $ 1,630,000 $ 1,530,000
Long-term assets 2,230,0001,930,000
Total assets $ 3,860,000 $ 3,460,000
Current liabilities $ 1,230,000 $ 930,000
Long-term liabilities 1,470,0001,470,000
Common stock 830,000830,000
Retained earnings 330,000230,000
Total liabilities and stockholders' equity $ 3,860,000 $ 3,460,000
Required:
1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.)

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