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		$3,040,000
Cost of goods sold		1,951,000
Gross profit		1,089,000
Expenses:
Operating expenses	859,000
Depreciation expense	43,000
Loss on sale of land	8,900
Interest expense	16,500
Income tax expense	49,600
Total expenses		977,000
Net income		$ 112,000

VIRTUAL GAMING SYSTEMS Balance Sheet December 31
	2012	2011
Assets
Current assets:
Cash	$	212,000	$	159,000
Accounts receivable		96,000		68,000
Inventory		132,000		147,000
Prepaid rent		31,000		21,000
Long-term assets:
Investment in bonds		129,000		0
Land		220,000		241,000
Equipment		173,000		174,000
Less: Accumulated depreciation		(71,000)		(28,000)
Total assets	$	922,000	$	782,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	68,000	$	95,000
Interest payable		7,000		14,000
Income tax payable		19,000		25,000
Long-term liabilities:
Notes payable		291,000		233,000
Stockholders' equity:
Common stock		303,000		271,000
Retained earnings		234,000		144,000
Total liabilities and stockholders equity	$	922,000	$	782,000

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