The following income statement and balance sheet for Virtual Gaming Systems are provided. Earnings per share for the year ended December 31, 2012, are $1.00. The closing stock price on December 31, 2012, is $28.00.

VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2012 Sales revenue $3,051,000 Cost of goods sold 1,969,000 Gross profit 1,082,000 Expenses: Operating expenses 869,000 Depreciation expense 42,000 Loss on sale of land 9,000 Interest expense 16,900 Income tax expense 49,400 Total expenses 986,300 Net income $ 95,700

VIRTUAL GAMING SYSTEMS Balance Sheet December 31 2012 2011 Assets Current assets: Cash $ 190,000 $ 157,000 Accounts receivable 97,000 74,000 Inventory 106,000 146,000 Prepaid rent 12,000 8,000 Long-term assets: Investment in bonds 129,000 0 Land 220,000 250,000 Equipment 239,000 181,000 Less: Accumulated depreciation (71,000) (29,000) Total assets $ 922,000 $ 787,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 67,000 $ 81,000 Interest payable 6,000 23,000 Income tax payable 19,000 29,000 Long-term liabilities: Notes payable 292,000 237,000 Stockholders' equity: Common stock 303,000 281,000 Retained earnings 235,000 136,000 Total liabilities and stockholders equity $ 922,000 $ 787,000

Required:

Calculate the following profitability ratios for 2012. (Round your answers to 1 decimal place. Omit the "%" sign in your response.)

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 times