I need help with last problem " return on Equilty" I need rounding it. Required:1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.)Profitability RatiosGross profit ratioReturn on assetsProfit marginAsset turnovertimesReturn on equity0.0 % The 2021 income statement of Adrian Express reports sales of $23,310,000, cost of goods sold of $13,250,000, and net income of$2,500,000. Balance sheet information is provided in the following table.ADRIAN EXPRESSBalance SheetsDecember 31, 2021 and 202020212020AssetsCurrent assets:CashAccounts receivable$ 1,100,000 $1,060,0002,100,0002,700,0005,300,000$11,200,000 $9,000,0001,400,0002,000,0004,540,000InventoryLong-term assetsTotal assetsLiabilities and Stockholders' EquityCurrent liabilitiesLong-term liabilitiesCommon stockRetained earnings$ 2,360,000 $2,000,0002,760,0002,400,0003,680,000$11,200,000 $9,000,0002,740,0002,200,0002,060,000Total liabilities and stockholders' equityIndustry averages for the following profitability ratios are as follows:Gross profit ratioReturn on assets45%25%Profit margin15%20.5times35%Asset turnoverReturn on equity

Name: I need help with last problem " return on Equilty" I need rounding it.
Uploaded: 2022-11-29T14:11:17.000Z
Channel: Bartleby
Description: I need help with last problem " return on Equilty" I need rounding it. Required:1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.)Profitability RatiosGross profit ratioReturn on assets