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 $2,350,300 Cost of goods sold 1,530,000 Gross profit 820, 300 Expenses Operating expenses 346,000 Depreciation expense 61,000 Los on sale of land 4,300 Interest expense 23,000 Income tax expense 56,000 Total expenses 490,300 Net income $ 330,000 2020 $106,000 78,000 140,000 14,000 Worlds of Fun Balance Sheet December 31 2021 Assets Current asset Cash 129,000 Accounts receivable 95,000 Inventory 160,000 Prepaid rent 14,000 Long-term assets Land 330,000 Equipment 410,000 Accumulated depreciation (79,000) Total assets $1,059,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 53,000 Interest payable 8,300 Income tax payable 15,900 Long-term liabilities: Notas navala 440.000 270,000 250,000 (42,000) $816,000 $ 73,000 7,300 12,800 340.000 | | | 270,000 250,000 (42,000) $816,000 Tecu LC 4 Long-term assets Land 330,000 Equipment 410,000 Accumulated depreciation (79,000) Total assets $1,059,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 53,000 Interest payable 8,300 Income tax payable 15,900 Long-term liabilities: Notes payable 440,000 Stockholders' equity Common stock 220,000 Retained earnings 321,800 Total liabilities and equity $1,059,000 $ 73,000 7.300 12,800 340,000 220,000 162.900 $816,000 Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021, is $31.80. 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 5 Return on equity 6 Price-earnings ratio % % % times % times