The following income statement and balance sheets for Worlds of Fun are provided: Worlds of Fun Income Statement For the year-ended December 31, 2031 Sales revenue $2,413,700 Cost of goods sold 1,550,000 Gross profit 363,700 Expenses Operating expenses 345,000 Depreciation expense 62.000 Loss on sale of land Interest expense 24,000 Income tax expense 53,000 Total expenses 488,700 Net Income $375,000 4,780 Worlds of Fun Balance Sheet December 31 2021 2020 Assets Current assets Cash Accounts receivable Inventory Prepaid rent Long-term assets $ 127,000 95,000 210,000 18,000 5106,000 78,000 190,000 18,000 --- Worlds of Fun Balance Sheet December 31 2021 2020 $ 127,000 95,000 210,000 18,000 $106,000 78,000 190,000 18,000 299,000 410,000 (75,000) $1,075,000 230,000 230,000 (41,000) $811,000 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and equity $ 60,000 8, 100 16,000 $ 80,000 7,100 13,000 420,000 320,000 250,000 320,900 $1,075,000 250,000 140,900 $811,000 Total liabilities and equity 51,075,000 711,000 Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021. $3670, Calculate the following profitability ratios for 2021 (Do not round intermediate calculations. Round your answers to 1 decimal place.) Profitability Ratios 1 Gross profit ratio 2 Return on assets 3 Profit margin 4 Assotturnover 15 Return on equity 6 Price earnings ratio times times