Refer to the information for Adrian Express in E12–5. Industry averages for the following profitability ratios are as follows:
Gross profit ratio ...... 25%
Return on assets ........ 15%
Profit margin ....... 10%
Asset turnover ....... 1.5 times
Return on equity ....... 25%

Required:
1. Calculate the five profitability ratios listed above for Adrian Express.
2. Do you think the company is more profitable or less profitable than the industry average? Explain your answer.