The following condensed information is reported by Sporting Collectibles.

Required:
1. Calculate the following profitability ratios for 2013:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.
2. Determine the amount of dividends paid to shareholders in 2013.

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2013 2012 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets $10,400,000 6,800,000 360,000 $8,400,000 5,900,000 248,000 $1,600,000 2,200,000 $ 3,800,000 $1,500,000 1,900,000 $3,400,000 Total assets Current liabilities Long-term liabilities Common Retained earnings $ 1,200,000 1,500,000 800,000 300,000 3,800,000 $ 900,000 1,500,000 800,000 200,000 $3,400,000 stock Total liabilities and stockholders' equity