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The following income statement and balance sheets for Virtual Gaming Systems are provided.

VIRTUAL GAMING SYSTEMS

Income Statement

For the Year Ended December $31,2024$

Net sales $$3,086,000$

Cost of goods sold $1,960,000$

Gross profit $1,126,000$

Expenses:

Operating expenses $$868,000$

Depreciation expense $27,000$

Loss on sale of land $9,000$

Interest expense $20,000$

Income tax expense $58,000$

Total expenses $982,000$

Net income $$144,000$

VIRTUAL GAMING SYSTEMS

Balance Sheets

December $31$

$20242023$

Assets

Current assets:

Cash $$196,000$ $$154,000$

Accounts receivable $91,00070,000$

Inventory $115,000145,000$

Prepaid rent $13,0007,200$

Long$-$term assets:

Investment in bonds $115,0000$

Land $220,000250,000$

Equipment $280,000220,000$

Less: Accumulated depreciation $(79,000)(52,000)$

Total assets $951,000$ $$794,200$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $$76,000$ $$127,200$

Interest payable $8,0004,000$

Income tax payable $20,00015,000$

Long$-$term liabilities:

Notes payable $295,000235,000$

Stockholders' equity:

Common stock $310,000310,000$

Retained earnings $242,000103,000$

Total liabilities and stockholders$$ equity $$951,000$ $$794,200$

Earnings per share for the year ended December $31,2024,$ are $$1\mathrm{.}40.$ The closing stock price on December $31,2024,$ is $$28\mathrm{.}30.$

Required:

Calculate the following profitability ratios for $2024.($Round your answers to $1$ decimal place.$)$

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