The following condensed information is reported by Sporting Collectibles.

	2021				2020
Income Statement Information
Sales revenue	$	12,144,000			$	8,800,000
Cost of goods sold		7,893,600				6,300,000
Net income		382,720				288,000
Balance Sheet Information
Current assets	$	1,640,000			$	1,540,000
Long-term assets		2,240,000				1,940,000
Total assets	$	3,880,000			$	3,480,000
Current liabilities	$	1,240,000			$	940,000
Long-term liabilities		1,460,000				1,460,000
Common stock		840,000				840,000
Retained earnings		340,000				240,000
Total liabilities and stockholders' equity	$	3,880,000			$	3,480,000

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

The following condensed information is reported by Sporting Collectibles.

	2021				2020
Income Statement Information
Sales revenue	$	12,144,000			$	8,800,000
Cost of goods sold		7,893,600				6,300,000
Net income		382,720				288,000
Balance Sheet Information
Current assets	$	1,640,000			$	1,540,000
Long-term assets		2,240,000				1,940,000
Total assets	$	3,880,000			$	3,480,000
Current liabilities	$	1,240,000			$	940,000
Long-term liabilities		1,460,000				1,460,000
Common stock		840,000				840,000
Retained earnings		340,000				240,000
Total liabilities and stockholders' equity	$	3,880,000			$	3,480,000

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.

Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity % times