The following income statement and balance sheet for virtual gaming systems are provided. earnings per share for the year ended december 31, 2012, are $1.00. the closing stock price on december 31, 2012, is $28.00.virtual gaming systemsincome statementfor the year ended december 31, 2012 sales revenue $3,051,000 cost of goods sold 1,969,000 gross profit 1,082,000 expenses: operating expenses 869,000 depreciation expense 42,000 loss on sale of land 9,000 interest expense 16,900 income tax expense 49,400 total expenses 986,300 net income $ 95,700 virtual gaming systemsbalance sheetdecember 312012 2011 assets current assets: cash $ 190,000 $ 157,000 accounts receivable 97,000 74,000 inventory 106,000 146,000 prepaid rent 12,000 8,000 long-term assets: investment in bonds 129,000 0 land 220,000 250,000 equipment 239,000 181,000 less: accumulated depreciation (71,000) (29,000) total assets $ 922,000 $ 787,000 liabilities and stockholders' equity current liabilities: accounts payable $ 67,000 $ 81,000 interest payable 6,000 23,000 income tax payable 19,000 29,000 long-term liabilities: notes payable 292,000 237,000 stockholders' equity: common stock 303,000 281,000 retained earnings 235,000 136,000 total liabilities and stockholders’ equity $ 922,000 $ 787,000 required: calculate the following profitability ratios for 2012. (round your answers to 1 decimal place. omit the "%" sign in your response.) profitability ratios 1. gross profit ratio % 2. return on assets % 3. profit margin % 4. asset turnover times 5. return on equity % 6. price-earnings ratio times