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The following condensed information is reported by Sporting Collectibles. 2021 2020 Income Statement Information Sales revenue $ 10,024,000 $ 8,300,000 Cost of goods sold 6,565,720

The following condensed information is reported by Sporting Collectibles.

2021 2020
Income Statement Information
Sales revenue $ 10,024,000 $ 8,300,000
Cost of goods sold 6,565,720 5,800,000
Net income 354,420 238,000
Balance Sheet Information
Current assets $ 1,590,000 $ 1,490,000
Long-term assets 2,190,000 1,890,000
Total assets $ 3,780,000 $ 3,380,000
Current liabilities $ 1,190,000 $ 890,000
Long-term liabilities 1,510,000 1,510,000
Common stock 790,000 790,000
Retained earnings 290,000 190,000
Total liabilities and stockholders' equity $ 3,780,000 $ 3,380,000

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

2. Determine the amount of dividends paid to shareholders in 2021.

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