need help witb return on equity

The following income statement and balance sheets for Worlds of Fun are provided: Worlds of Fun Income Statement For the year-ended December 31, 2021 Sales revenue $2,483,300 Cost of goods sold 1,590,000 Gross profit 893,300 Expenses: Operating expenses 346,000 Depreciation expense 63,000 Loss on sale of land 4,300 Interest expense 21,000 Income tax expense 54,000 Total expenses 488,300 Net income $ 405,000 Worlds of Fun Balance Sheet December 31 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: $ 127,000 96,000 150,000 18,000 $107,000 72,000 130,800 18,000 Worlds of Fun Balance Sheet December 31 2021 2020 $ 127,000 96,000 150,000 18,000 $107,000 72,000 130,000 18,000 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders equity: Common stock Retained earnings Total liabilities and equity 360,000 450,000 (71,000) $1,130,000 300,000 210,000 (42,900) $795,000 $ 57,000 8,500 15,900 $ 75,000 7,500 12,500 400,000 300,000 270,000 378,600 $1,130,000 270,000 130,000 $795,000 Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021, is $36.00. mal assignment Saved 400,000 300,000 LL LL LLLLLLL Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and equity 270,000 270,000 378,600 130,000 $1,130,000 $795,000 Earnings per share for the year ended December 31, 2021, is $1.50. The closing stock price on December 31, 2021. is $ Calculate the following profitability ratios for 2021 (Do not round intermediate calculations. Round your answers to 1 Profitability Ratios 1. Gross profit ratio 2 Return on assets 3 Profit margin 4. Asset turnover 5. Return on equity 6: Price-earings ratio 36.0 % 42.1% 16.31% 2.6 times % 7 24.0 times