The following condensed information is reported by Sporting Collectibles 2017 2018 Income Statement Information Sales revenue Cost of goods sold Net income $ 11,712,000 8,700,000 6,200,000 278,000 7,624,512 376,980 Balance Sheet Information Current assets Long-term assets $ 1,630,000 $ 2,230,000 Total assets $ 3,860,000 3,460,000 Current liabilities $ 1,230,000 930,000 1,470,000 830,000 230,000 1470,000 830,000 330,000 Long-term liabilities Common stock Retained eamings Total liabilities and stockholders' equity $ 3,860,000 3,460,000 Required 1. Calculate the following profitability ratios for 2018: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratic b. Return on assets c. Profit margin d. Asset turnover e. Return on equity times 2. Determine the amount of dividends paid to shareholders in 2018. e amount of dividends paid