The following condensed information is reported by Sporting Collectibles. 2021 2020 $12, 144,000 7,893,600 382,720 $8,800,000 6,300,000 288,000 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 1,640,000 2,240,000 $ 3,880,000 $ 1,240,000 1,460,000 840,000 340,000 $ 3,880,000 $1,540,000 1,940,000 $3,480,000 $ 940,000 1,460,000 840,000 240,000 $3,480,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) a. b. Answer is not complete. Profitability Ratios Gross profit ratio 52.3 % Return on assets % Profit margin % Asset turnover times Return on equity % C d. e Answer is not complete. a b. Profitability Ratios Gross profit ratio 52.3 X % Return on assets % Profit margin % Asset turnover times Return on equity % c d. 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid