The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC ATTIC Income statement For the year ended December 31, 2021 Net sales $8,820,000 Cost of goods sold 5,410,000 Gross profit 3,420,000 Expensest Operating expenses $1,560,00 Depreciation expense 202.000 Interest expense 42,080 Income tax expense 352, cee Total expenses 2,156,000 Net income $1,254,000 THE ATHLETIC AETIC Balance Sheets December 31 2021 2020 $ 156,000 750,000 1,365,000 102,000 5 296,00 70,000 1,035,000 27.000 1,110,000 (404,000) $3,029,000 1.110,000 (202.000) $2,996.000 Assets Current assets Cash Accounts receivable Inventory Supplies Long-term assets Equipment Less Accumulated depreciation Total assets Liabilities and Stockholders Equity Current liabilities Accounts payable Interest payable Income tax payable Long-tere lahitles Notes payable Stockholders' equity Common stock Betained earnings Total abilities and stockholders equity $107.000 5 3,000 4X200 39,200 36.000 520,000 520,000 620,000 1.796.000 $3,079.000 620,000 1,230,000 52,996,000 Earnings per share for the year ended December 31, 2021, are $128. The closing stock price on December 31, 2021, $2162 Required: Required: Calculate the following profitability ratios for 2021. (Round your answers to 1 decimal place.) % % Profitability Ratios 1 Gross profit ratio 2 Return on assets 13 Profit margin 4 Asset turnover 5 Return on equity 6. Price caringo ratio % times % times