please answer all parts with correct calculations and explanations and make sure the formatting is proper, else i will downvote and report the answer.

Exercise 12-6 (Static) Evaluate profitability ratlos (LO12-4) 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. ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash $700, 000 $860, 000 Accounts receivable 1, 600, 000 1, 100, 000 Inventory 2, 000, 000 1, 500, 000 Long-term assets 4, 900, 900 4, 340, 000 Total assets $9, 200, 000 $7 , 800, 000 Liabilities and Stockholders' Equity Current liabilities $1, 920, 000 $1, 760, 000 Long-term liabilities 2, 400, 000 2, 500, 000 Common stock 1, 900, 000 1, 900, 000 Retained earnings 2, 980, 000 1, 640, 000 Total liabilities and stockholders' equity $9, 200, 000 $7, 800, 000 Industry averages for the following four risk ratios are as follows: Gross profit ratio 45% Return on assets 25% Profit margin 15% Asset turnover 2.5 times Return on equity 35% Required: 1. Calculate the five profitability ratios listed above for Adrian Express. 2. Do you think the company is more profitable or less profitable than the industry average? Complete this question by entering your answers In the tabs below. Required 1 Required 2 Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.)