The Year 2 income statement of Company A reports sales of $20,910,000, cost of goods sold of $12.650.000, and net income of $2,020,000 Balance sheet information is provided in the following table. Assets 25 Current assets: Cash Accounts receivable COMPANY A Balance Sheets December 31, Year 2 and Year 1 Year 2 Year 1 $ 860,000 $940,000 1,800,000 1,220,000 2,280,000 1,700,000 5,060,000 4,420,000 $10,000,000 $8,280,000 $ 2,096,000 $1,056,000 2,544,000 2,596,000 2,100,000 2,020,000 3,260,000 1,508,000 $10,000,000 $58,200,000 Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities tong-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin 45% 255 15% 9.5 times 35% Asset turnover Heturn on equity Required: 1. Calculate the five profitability ratios listed above for Company A. (Round your answers to 1 decimal place.) Profitability Retion Gross profit ratio Return on assets M Profit margin % Asset turnover times Retum on equity %