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 $2,310,200 Cost of goods sold 1,500,000 Gross profit 810,200 Expenses: Operating expenses 346,000 Depreciation expense 65,000 Loss on sale of land 4,200 Interest expense 22,000 Income tax expense 58,000 Total expenses 495,200 Net income $ 315,000 Worlds of Fun Balance Sheet December 31 2021 2020 $ 128,000 93,000 150,000 10,000 $108,000 77,000 130,000 10,000 320,000 380,000 (73,000) $1,008,000 260,000 220,000 (42,000) $763,000 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 $ ta 53,000 8,800 15,700 $ 74,000 7,800 12,500 420,000 320,000 210,000 300,500 $1,008,000 210,000 138,700 $763,000 Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021, is $37.00. 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. Asset turnover times 5. % Return on equity Price-earnings ratio 6. times