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		$8,700,000
Cost of goods sold		5,350,000
Gross profit		3,350,000
Expenses:
Operating expenses	$1,500,000
Depreciation expense	190,000
Interest expense	30,000
Income tax expense	340,000
Total expenses		2,060,000
Net income		$1,290,000

THE ATHLETIC ATTIC
Balance Sheets
December 31
	2024	2023
Assets
Current assets:
Cash	$144,000	$194,000
Accounts receivable	690,000	710,000
Inventory	1,305,000	975,000
Supplies	90,000	65,000
Long-term assets:
Equipment	1,050,000	1,050,000
Less: Accumulated depreciation	(380,000)	(190,000)
Total assets	$2,899,000	$2,804,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$95,000	$71,000
Interest payable	0	3,000
Income tax payable	30,000	29,000
Long-term liabilities:
Notes payable	400,000	400,000
Stockholders' equity:
Common stock	500,000	500,000
Retained earnings	1,874,000	1,801,000
Total liabilities and stockholders equity	$2,899,000	$2,804,000

Earnings per share for the year ended December 31, 2024, are $1.16. The closing stock price on December 31, 2024, is $20.42.

Required:

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

\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Profitability Ratios } & % \\ \hline 1. Gross profit ratio & & % \\ \hline 2. Return on assets & & % \\ \hline 3. Profit margin & & times \\ \hline 4. Asset turnover & % \\ \hline 5. Return on equity & & \\ \hline 6. Price-earnings ratio & & \\ \hline \end{tabular}