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 $8,740,000 Cost of goods sold 5,370,000 Gross profit 3,370,000 Expenses: Operating expenses $1,520,000 Depreciation expense 194,000 Interest expense 34,000 Income tax expense 344,000 Total expenses 2,092,000 Net income 1,278,000 THE ATHLETIC ATTIC Balance Sheets December 31 $ 148,000 710,000 1,325,000 94,000 198,000 730,000 995,000 69,000 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 1,070,000 (388,000) $2,959,000 1,070,000 (194,000) $2,868,000 99,000 $ 75,000 3,400 29,400 32,000 AL ERAM 4, VUU Oy, VUU 1,070,000 (388,000) $2,959,000 1,070,000 (194,000) $2,868,000 99,000 $ SuppLUS Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 75,000 3,400 29,400 32,000 440,000 440,000 540,000 1,848,000 $2,959,000 540,000 1,780, 200 $2,868,000 Earnings per share for the year ended December 31, 2021, are $1.20. The closing stock price on December 31, 2021, is $20.82. 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 3. Profit margin 4. Asset tumover 5. Return on equity 6. Price-earnings ratio times