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required: Issuming 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.) \begin{tabular}{lr} Net sales & $8,760,000 \\ Cost of goods sold & 5,380,000 \\ Gross profit & 3,380,000 \\ Expenses: & $1,530,000 \\ Operating expenses & 196,000 \\ Depreciation expense & 36,000 \\ Interest expense & 346,000 \\ Income tax expense & 2,108,000 \\ Total expenses & $1,272,000 \\ \hline \end{tabular} 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.)