Question: Please help with 1&2! thank you 2. Determine the amount of dividends paid to shareholders in 2021.The following condensed information is reported by Sporting Collectibles.
Please help with 1&2! thank you
2.Determine the amount of dividends paid to shareholders in 2021.The following condensed information is reported by Sporting Collectibles.

The following condensed information is reported by Sporting Collectibles. 2021 2020 Income Statement Information Sales revenue $13 , 912 , 000 $9 , 200, 000 Cost of goods sold 8, 987, 152 6, 700, 000 Net income 406 , 080 328 , 000 Balance Sheet Information Current assets $ 1, 680, 000 $ 1 , 580 , 000 Long-term assets 2, 280, 000 1, 980, 000 Total assets $ 3,960, 000 $ 3 , 560, 000 Current liabilities $ 1,280, 000 $ 980 , 000 Long-term liabilities 1, 420, 000 1 , 420 , 000 Common stock 880 , 000 880 , 000 Retained earnings 380 , 000 280 , 000 Total liabilities and stockholders' equity $ 3,960, 000 $3, 560, 000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio % b. Return on assets % C. Profit margin d. Asset turnover times e. Return on equity
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