The following income statement and balance sheet for The Athletic Attic are provided.

THE ATHLETIC ATTIC Income Statement For the year ended December 31, 2015
Net sales		$8,760,000
Cost of goods sold		5,380,000
Gross profit		3,380,000
Expenses:
Operating expenses	$1,530,000
Depreciation expense	196,000
Interest expense	36,000
Income tax expense	346,000
Total expenses		2,108,000
Net income		$ 1,272,000

THE ATHLETIC ATTIC Balance Sheet December 31
	2015	2014
Assets
Current assets:
Cash	$150,000	$200,000
Accounts receivable	720,000	740,000
Inventory	1,335,000	1,005,000
Supplies	96,000	71,000
Long-term assets:
Equipment	1,080,000	1,080,000
Less: Accumulated depreciation	(392,000)	(196,000)
Total assets	$2,989,000	$2,900,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 101,000	$ 77,000
Interest payable	0	3,600
Income tax payable	33,000	29,600
Long-term liabilities:
Notes payable	460,000	460,000
Stockholders' equity:
Common stock	560,000	560,000
Retained earnings	1,835,000	1,769,800
Total liabilities and stockholders equity	$2,989,000	$2,900,000

Earnings per share for the year ended December 31, 2015, are $1.22. The closing stock price on December 31, 2015, is $21.02.

Required:

Calculate the following profitability ratios for 2015.(Round your answers to 1 decimal place.)

Profitability Ratios

1.

Gross profit ratio

%

2.

Return on assets

%

3.

Profit margin

%

4.

Asset turnover

times

5.

Return on equity

%

6.

Price-earnings ratio