Financial statements for Askew Industries for $2024$ are shown below $($in thousands$)$:Financial statements for Askew Industries for $2024$ are shown below $($in thousands$)$:

Required:

Calculate the following ratios for $2024.$

Note: Consider $365$ days a year. Round your intermediate calculations and final answers to $2$ decimal places.

$2024$ Income Statement

Net sales $ $8,800$

Cost of goods sold $(6,250)$

Gross profit $2,550$

Operating expenses $(2,050)$

Interest expense $(180)$

Income tax expense $(128)$

Net income $ $192$

Comparative Balance Sheets

December $31$

$20242023$

Assets

Cash $ $580$ $ $480$

Accounts receivable $580380$

Inventory $780580$

Property, plant, and equipment $($net$)1,8001,900$

$ $3,740$ $ $3,340$

Liabilities and Shareholders$$ Equity

Current liabilities $ $980$ $ $730$

Bonds payable $1,3001,300$

Common stock $580580$

Retained earnings $880730$

$ $3,740$ $ $3,340$

Required:

Calculate the following ratios for $2024.$

Note: Consider $365$ days a year. Round your intermediate calculations and final answers to $2$ decimal places. Required:

Calculate the following ratios for $2024.$

Note: Consider $365$ days a year. Round your intermediate calculations and final answers to $2$ decimal places.