$ 8,600 (6,050) 2,550 (1,850) (100) (240) $ 360 cive Balance Sheets Dec. 31 2021 2020 $ 500 500 700 1,000 $2,700 $ 400 300 500 ment (net) 1,100 $2,300 -s' Equity $ 500 900 500 800 $2,700 $ 250 900 500 650 $2,300 Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do not round intermediate calculations a answers to 2 decimal places.) days days 1. Inventory turnover ratio 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 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) times to search la $ 8,600 (6,050) 2,550 (1,850) (100) (240) $ 360 cive Balance Sheets Dec. 31 2021 2020 $ 500 500 700 1,000 $2,700 $ 400 300 500 ment (net) 1,100 $2,300 -s' Equity $ 500 900 500 800 $2,700 $ 250 900 500 650 $2,300 Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do not round intermediate calculations a answers to 2 decimal places.) days days 1. Inventory turnover ratio 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 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) times to search la