The following condensed information is reported by Sporting Collectibles. Income Statement Information Sales revenue Cost...
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The following condensed information is reported by Sporting Collectibles. 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 a b. C d e. 2 D Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Profitability Ratios Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 34.9 % 10.3 % 3.2 X % 3.2 34.0% 2021 times $13,912, 000 8,987,152 406,080 2020 $9,200,000 6,700,000 328,000 $1,680,000 $1,580,000 2,280,000 1,980,000 $3,560,000 $ 3,960,000 $ 1,280,000 1,420,000 880,000 380,000 $ 3,960,000 $3,560,000 $ 980,000 1,420,000 880,000 280,000
The followina condensed information is reported by Sporting Collectibles. reyuired: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 das
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