The following condensed information is reported by Sporting Collectibles.

	2021				2020
Income Statement Information
Sales revenue	$	12,580,000			$	8,900,000
Cost of goods sold		8,164,420				6,400,000
Net income		388,500				298,000
Balance Sheet Information
Current assets	$	1,650,000			$	1,550,000
Long-term assets		2,250,000				1,950,000
Total assets	$	3,900,000			$	3,500,000
Current liabilities	$	1,250,000			$	950,000
Long-term liabilities		1,450,000				1,450,000
Common stock		850,000				850,000
Retained earnings		350,000				250,000
Total liabilities and stockholders' equity	$	3,900,000			$	3,500,000

Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.)

A. Gross profit ratio: %

B.Return on assets: %

C.Profit margin: %

D.Asset turnover: %

E.Return on equity: %