The 2021 income statement of Adrian Express reports sales of $23,110,000, cost of goods sold...
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Accounting
The 2021 income statement of Adrian Express reports sales of $23,110,000, cost of goods sold of $13,200,000, and net income of $2,460,000. Balance sheet information is provided in the following table. Industry averages for the following profitability ratios are as follows: Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) 2. Do you think the company is more profitable or less profitable than the industry average? More profitable Less profitable
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