The following condensed information is reported by Sporting Collectibles.

	2018		2017
Income Statement Information
Sales revenue	$	10,860,000	$	8,500,000
Cost of goods sold		7,091,580		6,000,000
Net income		365,620		258,000
Balance Sheet Information
Current assets	$	1,610,000	$	1,510,000
Long-term assets		2,210,000		1,910,000
Total assets	$	3,820,000	$	3,420,000
Current liabilities	$	1,210,000	$	910,000
Long-term liabilities		1,490,000		1,490,000
Common stock		810,000		810,000
Retained earnings		310,000		210,000
Total liabilities and stockholders' equity	$	3,820,000	$	3,420,000

Required:

1. Calculate the following profitability ratios for 2018: (Round your answers to 1 decimal place.)

2. Determine the amount of dividends paid to shareholders in 2018.

The following condensed information is reported by Sporting Collectibles. 2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income S 10.860,000 S 8,500,000 6,000,000 258,000 7,091,580 365,620 Balance Sheet Information Current assets Long-term assets S 1,610,000 2,210,000 1,510,000 1,910,000 Total assets S 3.820,000 S 3.420,000 S 1,210,000 1,490,000 810,000 310,000 Current liabilities 910,000 1,490,000 810,000 210,000 Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity S 3.820,000 S 3.420,000 Required 1. Calculate the following profitability ratios for 2018: (Round your answers to 1 decimal place.) tability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Returm on equity tmes 2. Determine the amount of dividends paid to shareholders in 2018. pai