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

THE ATHLETIC ATTIC
Income Statement
For the Year Ended December 31, 2024
Net sales		$8,750,000
Cost of goods sold		5,375,000
Gross profit		3,375,000
Expenses:
Operating expenses	$1,525,000
Depreciation expense	195,000
Interest expense	35,000
Income tax expense	345,000
Total expenses		2,100,000
Net income		$1,275,000

THE ATHLETIC ATTIC
Balance Sheets
December 31
	2024	2023
Assets
Current assets:
Cash	$149,000	$199,000
Accounts receivable	715,000	735,000
Inventory	1,330,000	1,000,000
Supplies	95,000	70,000
Long-term assets:
Equipment	1,075,000	1,075,000
Less: Accumulated depreciation	(390,000)	(195,000)
Total assets	$2,974,000	$2,884,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$100,000	$76,000
Interest payable	0	3,500
Income tax payable	32,500	29,500
Long-term liabilities:
Notes payable	450,000	450,000
Stockholders' equity:
Common stock	550,000	550,000
Retained earnings	1,841,500	1,775,000
Total liabilities and stockholders' equity	$2,974,000	$2,884,000

Earnings per share for the year ended December 31, 2024, are $1.21. The closing stock price on December 31, 2024, is $20.92.

Required:

Calculate the following profitability ratios for 2024.(Use 365 days a year. Round your final answers to 1 decimal place.)

1. gross profit ratio ____?______ %

2. return on assets _____?______ %

3. profit margin ______?_______ %

4. asset turnover ______?_______ times

5. return on equity _____?_______ %

6. price-earnings ratio ______?______

(what are the question marks?)