Exercise $12-6($Static$)$ ?Evaluate profitability ratlos $($LO$12-4)$

The $2024$ ?income statement of Adrian Express reports sales of $$19,310,000,$ ?cost of goods sold of $$12,250,000,$ ?and net income of $$1,700,000.$ ?Balance sheet information is provided in the following table.

Industry averages for the following four risk ratios are as follows:

$\backslash$table$[[$Gross profit ratio,$45\%$