Data for The Sports Shack is provided in P12-4C. Earnings per share for the year ended December 31, 2015, are $0.30. The closing stock price on December 31, 2015, is $5.40.

Required:
Calculate the following profitability ratios for 2015.
1. Gross profit ratio
2. Return on assets
3. Profit margin
4. Asset turnover
5. Return on equity
6. Price-earnings ratio