The following condensed information is reported by Sporting Collectibles. 2021 2020 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets $8,800,000 5,790,400 337,920 $8,000,000 5,500,000 208,000 Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $1,560,000 2,160,000 $3,720,000 $1,160,000 1,540,000 760,000 260,000 $3,720,000 $1,460,000 1,860,000 $3,320,000 $ 860,000 1,540,000 760,000 160,000 $3,320,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios Gross profit ratio a. % b. Return on assets % C. Profit margin % d. Asset turnover times e. Return on equity % 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid