1-a. Calculate Gross Profit Ratio % 1-b. Return on Assets % 1-c. Profit Margin %...
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Accounting
1-a. Calculate Gross Profit Ratio %
1-b. Return on Assets %
1-c. Profit Margin %
1-d. Asset Turnover times
1-e. Return on equity %
2. Determine the amount of dividends paid to stockholders in 2021.
2021 2020 $ 13,912,000 8,987,152 406,080 $9,200,000 6,700,000 328,000 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 $ 1,680,000 2,280,000 $ 3,960,000 $ 1,280,000 1,420,000 880,000 380,000 $ 3,960,000 $1,580,000 1,980,000 $3,560,000 $ 980,000 1,420,000 880,000 280,000 $3,560,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decilnal place
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