DeVry Grades Financia M McGra M Qu: X M McGra New Ta Inbox Google E Untitle G WEEK Devry G Google Home + V X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Fconnect.mheducation.com%252Fconnect%... Week 8: Homework SaveE Help Save & Exit Submit Check my work 5 The following condensed Information is reported by Sporting Collectibles. 2021 2020 10 Income Statement Information points Sales revenue $11, 284, 000 $8, 600,060 Cost of goods sold 7, 357, 168 6, 100, 060 Net income 371, 280 268, 000 Balance Sheet Information Current assets $ 1, 626,060 $1, 520,060 Long-term assets 2, 226,090 1,920,060 eBook Total assets $ 3, 840, 090 $3, 440, 090 Current liabilities 1, 220, 090 920, 208 Long-term liabilities 1,480,800 1,480, 808 Common stock 820, 090 820, 800 Retained earnings 320,090 220,890 Total liabilities and stockholders' equity $ 3,846,600 $3, 440, 600 Ack Required: Prime 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios References a. Gross profit ratio b. Return on assets % C. Profit margin d. Asset turnover times e. Return on equity % 2. Determine the amount of dividends paid to shareholders In 2021. The amount of dividends paid Hill 1 83.F Q Search a 3:31 PM 6/24/2023 11 Mostly sunny