Problem $12-5$A $($Algo$)$ Calculate profitability ratios $($LO$12-4)$

The following income statement and balance sheets for Virtual Gaming Systems are provided.

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VIRTUAL GAMING SYSTEMSIncome StatementFor the Year Ended December $31,2024$Net sales$$$$3,081,000$Cost of goods sold$1,959,000$Gross profit$1,122,000$Expenses:$$Operating expenses$$867,000$Depreciation expense$27,000$Loss on sale of land$8,900$Interest expense$19,500$Income tax expense$57,000$Total expenses$979,400$Net income$$$$142,600$

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VIRTUAL GAMING SYSTEMSBalance SheetsDecember $3120242023$Assets$$Current assets:$$Cash$$195,000$$$153,000$Accounts receivable$90,00069,000$Inventory$114,000144,000$Prepaid rent$12,9007,080$Long$-$term assets:$$Investment in bonds$114,0000$Land$219,000249,000$Equipment$279,000219,000$Less: Accumulated depreciation$(78,000)(51,000)$Total assets$945,900$$$790,080$Liabilities and Stockholders' Equity$$Current liabilities:$$Accounts payable$$75,000$$$125,780$Interest payable$7,8003,900$Income tax payable$19,50014,900$Long$-$term liabilities:$$Notes payable$294,000234,000$Stockholders' equity:$$Common stock$309,000309,000$Retained earnings$240,600102,500$Total liabilities and stockholders$$ equity$$945,900$$$790,080$

Earnings per share for the year ended December $31,2024,$ are $$1\mathrm{.}30.$ The closing stock price on December $31,2024,$ is $$28\mathrm{.}20.$

Required:

Calculate the following profitability ratios for $2024.($Round your answers to $1$ decimal place.$)$