The following condensed information is reported by Sporting Collectibles 2015 2014 Income Statement Information Sales revenue Cost of goods sold Net income $7,224,000 $7,600,000 5,100,000 168,000 4,782,288 316,480 Balance Sheet Information Current assets Long-term assets $1,520,000 $1,420,000 2,120,000 1,820,000 Total assets $ 3,640,000 $3,240,000 Current liabilities Long-term liabilities Common stock Retained eamings $1,120,000 1,580,000 720,000 220,000 820,000 1,580,000 720,000 120,000 Total liabilities and stockholders' equity $ 3,640,000 $3,240,000 Required 1. Calculate the following profitability ratios for 2015: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity imes 2. Determine the amount of dividends paid to shareholders in 2015. e amount of dividends paid