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The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC ATTIC Income Statement For the Year Ended December 3 1

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 $8,720,000
Cost of goods sold 5,360,000
Gross profit 3,360,000
Expenses:
Operating expenses $1,510,000
Depreciation expense 192,000
Interest expense 32,000
Income tax expense 342,000
Total expenses 2,076,000
Net income $1,284,000
THE ATHLETIC ATTIC
Balance Sheets
December 31
20242023
Assets
Current assets:
Cash $146,000 $196,000
Accounts receivable 700,000720,000
Inventory 1,315,000985,000
Supplies 92,00067,000
Long-term assets:
Equipment 1,060,0001,060,000
Less: Accumulated depreciation (384,000)(192,000)
Total assets $2,929,000 $2,836,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $97,000 $73,000
Interest payable 03,200
Income tax payable 31,00029,200
Long-term liabilities:
Notes payable 420,000420,000
Stockholders' equity:
Common stock 520,000520,000
Retained earnings 1,861,0001,790,600
Total liabilities and stockholders equity $2,929,000 $2,836,000
Earnings per share for the year ended December 31,2024, are $1.18. The closing stock price on December 31,2024, is $20.62.
Required:
Calculate the following profitability ratios for 2024.(Use 365 days a year. Round your final answers to 1 decimal place.)

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