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The following condensed information is reported by Sporting Collectibles. 2021 2020 $1 ,44 , 6,827,760 360,000 $8,400,000 5,900,000 248 , . Income Statement Information Sales
The following condensed information is reported by Sporting Collectibles. 2021 2020 $1 ,44 , 6,827,760 360,000 $8,400,000 5,900,000 248 , . Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 1,600,000 $1,500,000 2 , 2 1,9 , $ 3,800,000 $3,400,000 $ 1,200,000 $ 900,000 1,500,000 1,500,000 800,000 8 3eeeee 200,000 $ 3,800,000 $3,400,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Return on assets % 96 % d Profit margin Asset turnover Return on equity times e % 2. Determine the amount of dividends paid to shareholders in 2021 The amount of dividends pald
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