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The following condensed information is reported by Sporting Collectibles. 2021 2020 $9,612,000 6,305,472 348,880 $8,200,000 5,700,000 228,000 Income Statement Information Sales revenue Cost of goods
The following condensed information is reported by Sporting Collectibles. 2021 2020 $9,612,000 6,305,472 348,880 $8,200,000 5,700,000 228,000 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 $1,580,000 $1,480,000 2,180,000 1,880,000 $3,760,000 $3,360,000 $1,180,000 $ 880,000 1,520,000 1,520,000 780,000 780,000 280,000 180,000 $3,760,000 $3,360,000 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 c. Profit margin d. Asset tumover e Return on equity % % % times % 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid
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