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Financial statements for Askew Industries for 2018 are shown below (in $000s): 2018 Income Statement Sales $ 9,500 Cost of goods sold (6,425 ) Gross

Financial statements for Askew Industries for 2018 are shown below (in $000s):

2018 Income Statement
Sales $ 9,500
Cost of goods sold (6,425 )
Gross profit 3,075
Operating expenses (2,125 )
Interest expense (250 )
Tax expense (280 )
Net income $ 420

Comparative Balance Sheets
Dec. 31
2018 2017
Assets
Cash $ 650 $ 550
Accounts receivable 650 450
Inventory 850 650
Property, plant, and equipment (net) 2,500 2,600
$ 4,650 $ 4,250
Liabilities and Shareholders Equity
Current liabilities $ 1,400 $ 1,150
Bonds payable 1,650 1,650
Paid-in capital 650 650
Retained earnings 950 800
$ 4,650 $ 4,250

Required: Calculate the following ratios for 2018. (Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.)

1. Inventory turnover ratio not attempted
2. Average days in inventory not attempted days
3. Receivables turnover ratio not attempted
4. Average collection period not attempted days
5. Asset turnover ratio not attempted
6. Profit margin on sales not attempted %
7. Return on assets not attempted %
8. Return on shareholders equity not attempted %
9. Equity multiplier not attempted times
10. Return on shareholders equity (using the DuPont framework) not attempted %

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