3 Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Book erences Net sales $10,000 Cost of goods sold (6,550) Gross profit 3,450 Operating expenses (2,350) Interest expense (300) Income tax expense (320) Net income $ 480 Comparative Balance Sheets Dec. 31 2021 2020 Assets Cash $ 700 Accounts receivable 700 $ 600 500 Inventory 900 700 Property, plant, and equipment (net) 3,000 3,100 $5,300 $4,900 Liabilities and Shareholders' Equity Current liabilities $1,700 $1,450 Bonds payable 1,900 1,900 Common stock 700 700 Retained earnings 1,000 850 $5,300 $4,900 Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.) 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets days days % % 8. Return on equity % 9: Equity multiplier times 10. Return on equity (using the DuPont framework) %