The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC...
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Accounting
The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC ATTIC Balance Sheets December 31 Assets 20242023 Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current 1iabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity \begin{tabular}{rr} 1,070,60e (388,000) & 1,079,6e0 (194,000) \\ \hline$2,959,000 & $2,868,0e \\ \hline \end{tabular} Earnings per share for the year ended December 31,2024 , are $1.20. The closing stock price on December 31,2024,15$20 Required: Calculate the following profitability ratios for 2024. (Use 365 days a year. Round your final answers to 1 decimal place,)
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