Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales Cost of goods sold Operating expenses $ 8,700 (6,175) 2,525 (1,975) Gross profit Interest expense (150) Income tax expense (160) Net income $ 240 Comparative Balance Sheets Dec. 31 2021 2020 Assets Cash $ 550 $ 450 Accounts receivable 550 350 Inventory 750 550 Property, plant, and equipment (net) 1,500 1,600 $3,350 $2,950 Liabilities and Shareholders' Equity Current liabilities Bonds payable Common stock Retained earnings Required: $ 800 $ 550 1,150 550 1,150 550 850 $3,350 700 $2,950 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.) 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 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) 8.23 44.35 days 15.81 23.09 days 2.60 2.76 % 7.16% 17.14 % 2.39 times 17.11%