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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
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 Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $14,364,000 $9,300,000 9,264,780 6,800,000 112,020 338.000 1,690,000 $1,599,000 2,290,000 1,990,000 $ 3,980,000 $3,500,000 $ 1,290.000 $ 990,000 1,410,000 1,410,000 890,000 $90,000 1390,000L 290,000 $ 3,980,000 $3,580,000 Required: 1. Calculate the following profitability ratios for 2021 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Retum on equity times 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends pald
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