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 2024 2023 $7,612,000 $7,700,000 5,031,532 5,200,000 321,780 178,000 $1,530,000 $1,430,000 2,130,000 1,830,000 $3,660,000 $3,260,000 $1,130,000 $830,000 1,570,000 1,570,000 730,000 730,000 230,000 $3,660,000 130,000 $3,260,000 Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024. 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 1 Required 2 >