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The following income statement and balance sheets for Worlds of Fun are provided: Worlds of Fun Income Statement For the year-ended December 31, 2021 Sales

The following income statement and balance sheets for Worlds of Fun are provided:

Worlds of Fun
Income Statement
For the year-ended December 31, 2021
Sales revenue $ 2,484,800
Cost of goods sold 1,560,000
Gross profit 924,800
Expenses:
Operating expenses 343,000
Depreciation expense 67,000
Loss on sale of land 4,800
Interest expense 23,000
Income tax expense 52,000
Total expenses 489,800
Net income $ 435,000

Worlds of Fun
Balance Sheet
December 31
2021 2020
Assets
Current assets:
Cash $ 126,000 $ 107,000
Accounts receivable 95,000 78,000
Inventory 170,000 150,000
Prepaid rent 18,000 18,000
Long-term assets:
Land 280,000 220,000
Equipment 420,000 210,000
Accumulated depreciation (76,000 ) (42,000 )
Total assets $ 1,033,000 $ 741,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 54,000 $ 74,000
Interest payable 8,000 7,000
Income tax payable 15,400 12,500
Long-term liabilities:
Notes payable 420,000 320,000
Stockholders' equity:
Common stock 290,000 290,000
Retained earnings 245,600 37,500
Total liabilities and equity $ 1,033,000 $ 741,000

Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021, is $32.10. Calculate the following profitability ratios for 2021: (Do not round intermediate calculations. Round your answers to 1 decimal place.)

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