Below are the Income Statement and Balance Sheet for Longborg Corporation                 for the years ended 2020 and 2021. Calculate the profitability ratios in the table to the right                 for the year ended 2021.                                   Longborg Corporation     Comparative Income Statement     For the Years Ended December 31, 2021 and 2020           2021   2020             Amount   Amount         Sales   $60,200,300   $52,410,500         Cost of goods sold   44,850,700   39,050,800         Gross profit   15,349,600   13,359,700         Selling expenses   2,725,500   2,860,600         Administrative expenses   2,850,300   2,575,400         Total operating expenses   5,575,800   5,436,000         Income from operations   9,773,800   7,923,700         Interest Expense   385,200   425,600         Other income   125,000   105,000         Income before income tax   9,513,600   7,603,100         Income tax expense   3,329,800   2,661,000         Net income   $6,183,800   $4,942,100                                           Longborg Corporation     Comparative Balance Sheet     As of December 31, 2021 and 2020           2021   2020         Cash   $5,590,800   $4,597,100         Accounts receivable, net   9,254,800   8,434,800         Inventories   3,003,800   2,579,300         Prepaid Expenses   1,162,800   905,800         Total current assets   19,012,200   16,517,000         Fixed assets, net   23,908,900   23,013,100         Total assets   $42,921,100   $39,530,100                           Accounts payable   $6,038,800   $6,025,700         Accrued expenses   1,918,200   1,485,600         Other current liabilities   2,842,700   5,421,200         Total current liabilities   10,799,700   12,932,500         Long-term debt   14,149,300   14,809,300         Common stock   1,500,000   1,500,000         Retained earnings   16,472,100   10,288,300         Total liabilities & equity   $42,921,100   $39,530,100                                             Note: Enter the calculated values as a formula (example: =S11/U11)                                                     Ratio   Numerator ÷ Denominator = Calculated Value                                     1. Gross Profit Ratio                                                 2. Operating Profit Ratio                                                 3. Net Profit Ratio                                                 4. Return on Total Assets (ROA)                                                 5. Return on Stockholders'                         Equity (ROE)

Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021–2015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Sales $ 2,260 $ 1,979 $ 1,801 $ 1,651 $ 1,540 $ 1,432 $ 1,174 Cost of goods sold 1,625 1,322 1,137 995 925 865 689 Gross profit 635 657 664 656 615 567 485 Operating expenses 483 378 347 256 222 219 182 Net income $ 152 $ 279 $ 317 $ 400 $ 393 $ 348 $ 303 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021–2015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 111 $ 147 $ 153 $ 156 $ 162 $ 160 $ 165 Accounts receivable, net 800 840 760 583 514 487 343 Merchandise inventory 2,893 2,106 1,840 1,551 1,393 1,183 858 Other current assets 74 67 41 74 62 63 33 Long-term investments 0 0 0 228 228 228 228 Plant assets, net 3,541 3,527 3,086 1,740 1,799 1,599 1,373 Total assets $ 7,419 $ 6,687 $ 5,880 $ 4,332 $ 4,158 $ 3,720 $ 3,000 Liabilities and…

Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.     Bramble Company   Debra Company     2022   2021   2022   2021 Net sales   $1,896,000       $561,000     Cost of goods sold   1,020,048       297,330     Operating expenses   257,856       79,662     Interest expense   7,584       3,927     Income tax expense   54,984       6,171     Current assets   322,500   $310,000   83,500   $78,000 Plant assets (net)   520,800   500,300   139,800   123,000 Current liabilities   64,200   75,600   34,400   29,600 Long-term liabilities   108,400   90,400   28,400   26,000 Common stock, $10 par   498,000   498,000   122,500   122,500 Retained earnings   172,700   146,300   38,000   22,900   Compute the 2022 return on assets and the return on common stockholders’ equity ratios for both companies. (Round answers to 1 decimal…

Comparative financial statement data for Blossom Company and Oriole Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales. Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Blossom Company Oriole Company 2022 Net Income $2,592,000 1,692,000 407,520 9,980 $ 122,500 496,600 766,000 95,500 157,020 198,720 129,600 51,840 80,000 2022 $892,800 489,600 141,120 4,240 51,840 213,840 201,160 (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg $2.78) Earnings per share 48,600 58,470 51,840 28,800 21,600 50,000