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Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales $ 9,000 Cost of goods sold (6,300 )

Financial statements for Askew Industries for 2021 are shown below (in thousands):

2021 Income Statement
Net sales $ 9,000
Cost of goods sold (6,300 )
Gross profit 2,700
Operating expenses (2,100 )
Interest expense (200 )
Income tax expense (100 )
Net income $ 300

Comparative Balance Sheets
Dec. 31
2021 2020
Assets
Cash $ 600 $ 500
Accounts receivable 600 400
Inventory 800 600
Property, plant, and equipment (net) 2,000 2,100
$ 4,000 $ 3,600
Liabilities and Shareholders Equity
Current liabilities $ 1,100 $ 850
Bonds payable 1,400 1,400
Common stock 600 600
Retained earnings 900 750
$ 4,000 $ 3,600

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 9.00
2. Average days in inventory 40.56 days
3. Receivables turnover ratio 18.00
4. Average collection period 20.28 days
5. Asset turnover ratio
6. Profit margin on sales %
7. Return on assets %
8. Return on equity %
9. Equity multiplier times
10. Return on equity (using the DuPont framework) %

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