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.

Please help with 1&2! thank you 2.Determine the amount of dividends paid

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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