Virtual gaming systems income statement for the year ended december 31, 2018 net sales cost of goods sold $3,086,000 1,960,000 gross profit 1,126,000 operating expenses depreciation expense loss on sale of land interest expense income tax expense $868,000 32,000 9,000 20,000 58,000 total expenses 987,000 net income $139,000 virtual gaming systems balance sheets december 31 2018 2017 assets current assets: cash accounts receivable inventory $196,000 91,000 115,000 13,000 $154,000 70,000 145,000 7,200 rent long-term assets investment in bonds land equipment less: accumulated depreciation 115,000 220,000 280,000 (84,000) 250,000 220,000 (52,000) total assets s946.000 $794,200 liabilities and stockholders' equity current liabilities accounts payable interest payable income tax payable $76,000 8,000 20,000 s91,000 4,000 15,000 long-term liabilities: notes payable 295,000 235,000 stockholders' equity: common stock retained earnings 310,000 237,000 310,000 139,200 total liabilities and stockholders' equity s946,000 $794,200 earnings per share for the year ended december 31, 2018, are $1.40. the closing stock price on december 31, 2018, is $28.30 required calculate the following profitability ratios for 2018. (round your answers to 1 decimal place.) profitability ratios 1. gross profit ratio 2. return on assets 3. profit margin 4. asset turnover 5. return on equity 6. times ratio