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Financial statements for Askew Industries for 2 0 2 4 are shown below ( in thousands ) : 2 0 2 4 Income Statement Net
Financial statements for Askew Industries for are shown below in thousands:
Income Statement
Net sales $
Cost of goods sold
Gross profit
Operating expenses
Interest expense
Income tax expense
Net income $
Comparative Balance Sheets
December
Assets
Cash $ $
Accounts receivable
Inventory
Property, plant, and equipment net
$ $
Liabilities and Shareholders Equity
Current liabilities $ $
Bonds payable
Common stock
Retained earnings
$ $
Required:
Calculate the following ratios for
Note: Consider days a year. Do not round intermediate calculations and round your final answers to decimal places.
Inventory turnover ratio times
Average days in inventory days
Receivables turnover ratio times
Average collection period days
Asset turnover ratio
Profit margin on sales
Return on assets
Return on equity
Equity multiplier times
Return on equity using the DuPont framework
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