Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $205,500...

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Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $205,500 $189,000 $147,000 79,500 84,000 129,500 108,000 14,300 12,300 63,000 138,000 6,360 108,000 108,000 0 303,000 213,000 243,000 303,000 273,000 213,000 Less: Accumulated depreciation (106,500) (73,500) (45,000) Total assets $1,036,300 $913,800 $765,360 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $161,400 $69,000 $120,260 Interest payable 9,900 6,600 3,300 Income tax payable Long-term liabilities: Notes payable 12,300 16,500 14,300 430,000 288,000 228,000 Stockholders' equity: Common stock 303,000 303,000 303,000 Retained earnings 119,700 230,700 96,500 Total liabilities and stockholders' equity $1,036,300 $913,800 $765,360 Problem 12-6A (Algo) Part 2 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Gross profit ratio Return on assets Profit margin Asset turnover 2024 2025 % % % % % % times 3.7 times Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $205,500 $189,000 $147,000 79,500 84,000 129,500 108,000 14,300 12,300 63,000 138,000 6,360 108,000 108,000 0 303,000 213,000 243,000 303,000 273,000 213,000 Less: Accumulated depreciation (106,500) (73,500) (45,000) Total assets $1,036,300 $913,800 $765,360 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $161,400 $69,000 $120,260 Interest payable 9,900 6,600 3,300 Income tax payable Long-term liabilities: Notes payable 12,300 16,500 14,300 430,000 288,000 228,000 Stockholders' equity: Common stock 303,000 303,000 303,000 Retained earnings 119,700 230,700 96,500 Total liabilities and stockholders' equity $1,036,300 $913,800 $765,360 Problem 12-6A (Algo) Part 2 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Gross profit ratio Return on assets Profit margin Asset turnover 2024 2025 % % % % % % times 3.7 times