The following condensed information is reported by World of Stamp Collectibles. 2024 2023 $12,144,000 7,893,600 $8,800,000...

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The following condensed information is reported by World of Stamp Collectibles. 2024 2023 $12,144,000 7,893,600 $8,800,000 6,300,000 382,720 288,000 $1,640,000 $1,540,000 2,240,000 1,940,000 $3,880,000 $3,480,000 $1,240,000 $940,000 1,460,000 1,460,000 840,000 840,000 340,000 $3,880,000 240,000 $3,480,000 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 Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following profitability ratios for 2024: (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 % 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of dividends paid to shareholders in 2024. The amount of dividends paid < Required 1 Required 2 > The following condensed information is reported by World of Stamp Collectibles. 2024 2023 $12,144,000 7,893,600 $8,800,000 6,300,000 382,720 288,000 $1,640,000 $1,540,000 2,240,000 1,940,000 $3,880,000 $3,480,000 $1,240,000 $940,000 1,460,000 1,460,000 840,000 840,000 340,000 $3,880,000 240,000 $3,480,000 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 Required: 1. Calculate the following profitability ratios for 2024: 2. Determine the amount of dividends paid to shareholders in 2024 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following profitability ratios for 2024: (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 % 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of dividends paid to shareholders in 2024. The amount of dividends paid < Required 1 Required 2 >