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 $2,474,400 Cost of goods sold 1,510, eee Gross profit 964,400 Expenses: Operating expenses 346,000 Depreciation expense 70, eee Loss on sale of land 4,488 Interest expense 24, ese Income tax expense 56, eee Total expenses 500.400 Net income $ 464.ee 2020 $109, eee 72,Bee 180, eee 11,00 Worlds of Fun Balance Sheet December 31 2021 Assets Current assets: Cash $ 130,00 Accounts receivable 96,000 Inventory 280,00 Prepaid rent 11,0 Long-term assets: Land 270,000 Equipment 450,000 Accumulated depreciation (76,880) Total assets $1,881, eee Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 52,800 Interest payable 8,300 Income tax payable 15, 200 Long-term liabilities: Notes payable 440,00 Stockholders' equity: Common stock 299, eee Retained earnings 275, see Total liabilities and equity $1,881,800 210,000 250,00 (43,eee) $789,90 $ 79, eee 7,300 12,600 340,00 290,00 69,100 $789, eee Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021, is $39.00. Calculate the following profitability ratios for 2021: (Do not round Intermediate calculations. Round your answers to 1 decimal place.) 96 96 Profitability Ratios 1. Gross profit ratio 2. Return on assets 3. Profit margin 4. Asset turnover 5. Return on equity 6. Price-earnings ratio 96 times % times