The following condensed information is reported by Sporting Collectibles.

Required:
1. Calculate the following profitability ratios for 2015:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.
2. Determine the amount of dividends paid to shareholders in 2015.

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2015 2014 Income Statement Information ales revenue Cost of goods sold Net income $14,820,000 9,544,080 418,000 $9,400,000 6,900,000 348,000 Balance Sheet Information Current assets Long-term assets S 1,700,000 2,300,000 S 4,000,000 S1,600,000 2,000,000 S3,600,000 Total assets Current liabilities Long-term liabilities Common stock Retained eanings S 1,300,000 1,400,000 900,000 400,000 S 4000,000 S1,000,000 1,400,000 900,000 300,000 S3,600,000 Total liabilities and stockholders equity