Will leave a like for 100% completion and correctness

Will leave a like for 100% completion and correctness

\begin{tabular}{lr} \multicolumn{1}{c}{ Income Statement } \\ For the year ended December 31, 2021 \\ Net sales & $8,730,000 \\ Cost of goods sold & 5,365,000 \\ Gross profit & 3,365,000 \\ Expenses: & $1,515,000 \\ Operating expenses & 193,000 \\ Depreciation expense & 33,000 \\ Interest expense & 343,000 \\ Income tax expense & 2,084,000 \\ Total expenses & $1,281,000 \\ Net income & \end{tabular} Required: Assuming that all sales were on account, calculate the following risk ratios for 2021 . (Use 365 days a year. Round your intermediate and final answers to 1 decimal place.) Earnings per share for the year ended December 31,2021 , are $1.22. The closing stock price on December 31,2021 , is $21.02. Required: Calculate the following profitability ratios for 2021 . (Round your answers to 1 decimal place.)