The following condensed information is reported by World of Stamp Collectibles. 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 Required: 1. Calculate the following profitability ratios for 2024: 2024 $13,464,000 2. Determine the amount of dividends paid to shareholders in 2024. 2023 $9,100,000 8,711,208 6,600,000 400,180 318,000 $1,670,000 $1,570,000 2,270,000 1,970,000 $3,940,000 $3,540,000 $1,270,000 $970,000 1,430,000 1,430,000 870,000 870,000 370,000 $3,940,000 270,000 $3,540,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin % % % d. Asset turnover times e. Return on equity % Required Required 2 > The following condensed information is reported by World of Stamp Collectibles. 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 Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. 2024 $13,464,000 2023 $9,100,000 8,711,208 6,600,000 400,180 318,000 $1,670,000 $1,570,000 2,270,000 1,970,000 $3,940,000 $3,540,000 $1,270,000 $970,000 1,430,000 1,430,000 870,000 870,000 270,000 370,000 $3,940,000 $3,540,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of dividends paid to shareholders in 2024. The amount of dividends paid < Required 1 Required 2 >