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Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales Cost of goods sold Gross profit Operating expenses

Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest expense $ 9,600 (6,450) 3,150 (2,250) (260) Income tax expense (256) Net income $ 384 Comparative Balance Sheets 2021 Dec. 31 2020 Assets Cash $ 660 $ 560 Accounts receivable 660 460 Inventory 860 660 Property, plant, and equipment (net) 2,600 2,700 $4,780 $4,380 Liabilities and Shareholders' Equity Current liabilities $1,460 $1,210 Bonds payable 1,700 1,700 Common stock 660 660 Retained earnings 960 810 $4,780 $4,380 Required: Calculate the following ratios for 2021. (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 inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets days days % 96 8. Return on equity % 9. Equity multiplier times 10. Return on equity (using the DuPont framework) %

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