2 Problem 4-12 Calculating activity and profitability ratios (LO4-10] Financial statements for Askew Industries for 2018 are shown below (in $000's): 0 2018 Incone Statement $ 8.700 (6,075) 2,625 (1,775) (110) (296) oints Sales Cost of goods sold Gross profit Operating expenses Interest expense eBook References xpens 444 Net income Comparative Balance Sheets Dec. 31 2017 2018 Assets $ 410 510 510 Cash 310 Accounts receivable 710 510 Inventory Property, plant, and equipment (net) 1,100 1,200 $2,430 $2,830 Liabilities and Shareholders' Equity ren Mc Graw 2 of 2