Week 8 Homework i The 2021 income statement of Adrian Express reports sales of $23,310,000, cost of goods sold of $13,250,000, and net income of $2,500,000. Balance sheet information is provided in the following table. 10 points ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets ebook $ 1,100,000 $1,060,000 2.100.000 1.400.000 2.700.000 2.000.000 0.140,000 $11,200,000 $9,000,000 Hinn Accounts receivable Inventory Long term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long term libilities Con stock Retained earning Total oblities and stockholders' equity $ 2.360,000 $2,000,000 2.760,000 2,740,000 2.400.000 2,200,000 1.600.000 $11,200,000 $9,000,000 Industry averages for the following profitability ratios are as follows: Heferences Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 453 253 153 20.5 times Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Profitability Ratios Gross profitio Return on assets Profit margin Asset turnover Return on equity % times >