The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL DAMO SYSTEM Income statement For the year ended December 31, 2021 Net sales 53,006,000 cont of goods sold 1.960,000 Y C Pott 17120,000 ixpenses Operating expenses $868,000 Depreciation expense 32,000 Los on sale of land 9.000 Interest expense 20.000 Income tax expense 30.000 Total expenses 982,000 Not income $ 139,000 2021 2020 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets Current assets Cash Accounts receivable Inventory Prepaid rent Long-term assetar Investment in bonds Land Equipment Lesai Accumulated depreciation Total assets Liabilities and stockholders' quity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable Stockholders' equity Common stock Betained earnings Total abilities and stockholders' equity $196,000 91,000 115,000 13,000 115,000 220,000 280.000 (04,000) 5946.000 $154,000 70,000 145.000 7,200 0 250,000 220,000 152,000) 5794,200 $ 76,000 0,000 20,000 $91,000 4,000 15,000 295,000 310.000 237,000 $946.000 235,000 310,000 139200 $794,200 Earnings per share for the year ended December 31, 2021, ore $1.40. The closing stock price on December 31, 2021, s $28.30 Eamings per share for the year ended December 31, 2021, are $1.40. The closing stock price on December 31, 2021, is $28.30. Required: Calculate the following profitability ratios for 2021. (Round your answers to 1 decimal place.) 1 2 3 Profitability Ratios Gross profit ratio Return on assets Profit margin Asset turnover Return on equity Price-camings ratio % % % times % 4 5 6