Please help!

The following condensed information is reported by a company Year 2 Year 1 $10,440,000 6,827,760 360,000 $8,400,000 5,900,000 248,000 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders equity $ 1,600,000 2,200,000 $ 3,800,000 $ 1,200,000 1,500,000 800,000 300,000 $ 3,800,000 $1,500,000 1,900,000 $3,400,000 $ 900,000 1,500,000 800,000 200,000 $3,400,000 Required: 1. Calculate the following profitability ratios for Year 2: (Round your answers to 1 decimal place.) % % Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e Return on equity % times % MacBook Air 80 000 000 DU F2 F3 00 7 F4 F5 78 % A & # 3 2 4 5 6 7 8 Common stock Retained earnings Total liabilities and stockholders' equity 800,000 300,000 $ 3,800,000 800,000 200.000 $3,400,000 Required: 1. Calculate the following profitability ratios for Year 2: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e Return on equity % % % times 2. Determine the amount of dividends paid to shareholders in Year 2. The amount of dividends paid MacBook Air 80 F3 F5 F6 7 F2 F4 # $ 07 de & 7 2 3 4 6 8