The following income statement and balance sheets for Virtual Gaming Systems are provided.

VIRTUAL GAMING SYSTEMS

Income Statement

For the Year Ended December $31,2024$

Net sales $$3,026,000$

Cost of goods sold $1,948,000$

Gross profit $1,078,000$

Expenses:

Operating expenses $$856,000$

Depreciation expense $27,000$

Loss on sale of land $7,800$

Interest expense $14,000$

Income tax expense $46,000$

Total expenses $950,800$

Net income $$127,200$

VIRTUAL GAMING SYSTEMS

Balance Sheets

December $31$

$20242023$

Assets

Current assets:

Cash $$184,000$ $$142,000$

Accounts receivable $79,00058,000$

Inventory $103,000133,000$

Prepaid rent $11,8005,760$

Long$-$term assets:

Investment in bonds $103,0000$

Land $208,000238,000$

Equipment $268,000208,000$

Less: Accumulated depreciation $(67,000)(40,000)$

Total assets $889,800$ $$744,760$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $$64,000$ $$110,160$

Interest payable $5,6002,800$

Income tax payable $14,00013,800$

Long$-$term liabilities:

Notes payable $283,000223,000$

Stockholders' equity:

Common stock $298,000298,000$

Retained earnings $225,20097,000$

Total liabilities and stockholders$$ equity $$889,800$ $$744,760$

Earnings per share for the year ended December $31,2024,$ are $$1\mathrm{.}30.$ The closing stock price on December $31,2024,$ is $$27\mathrm{.}10.$

Required:

Calculate the following profitability ratios for $2024.($Round your answers to $1$ decimal place.$)$

Gross Profit Ratio, Return on Assets, Profit Margin, Asset turnover, Return on Equity, Price Earnings ratio