The following condensed information is reported by Sporting Collectibles. Income Statement Information Sales revenue Cost of goods sold $8,400,000 $7,900,000 5,535,600 5,400,000 332,500198,000 Net income Balance Sheet Information Current assets Long-term assets $1,550,000 $1,450,000 2,150,000 1,850,000 Total assets $3,700,000 $3,300,000 Current liabilities Long-term liabilities Common stock Retained eamings $1,150,000 850,000 1,550,000 1,550,000 750,000750,000 250,000150,000 Total liabilities and stockholders' equity $3,700,000 $3,300,000 Required: 1. Calculate the following profitability ratios for 2015: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Retum on assets c. Profit margin d. Asset turnover e. Return on equity times 2. Determine the amount of dividends paid to shareholders in 2015