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Financial statements for Askew Industries for 2016 are shown below (in $000s): 2016 Income Statement Sales $ 9,900 Cost of goods sold (6,525 ) Gross

Financial statements for Askew Industries for 2016 are shown below (in $000s):

2016 Income Statement
Sales $ 9,900
Cost of goods sold (6,525 )
Gross profit 3,375
Operating expenses (2,225 )
Interest expense (290 )
Tax expense (344 )
Net income $ 516

Comparative Balance Sheets
Dec. 31
2016 2015
Assets
Cash $ 690 $ 590
Accounts receivable 690 490
Inventory 890 690
Property, plant, and equipment (net) 2,900 3,000
$ 5,170 $ 4,770
Liabilities and Shareholders' Equity
Current liabilities $ 1,640 $ 1,390
Bonds payable 1,850 1,850
Paid-in capital 690 690
Retained earnings 990 840
$ 5,170 $ 4,770

Required:

Calculate the following ratios for 2016. (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 inventorydays

3.Receivables turnover ratio

4.Average collection perioddays

5.Asset turnover ratio

6.Profit margin on sales%

7.Return on assets%

8.Return on shareholders equity%

9.Equity multipliertimes

10.Return on shareholders equity (using the DuPont framework)%

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