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Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales $ 9,100 Cost of goods sold (6,325 )

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

2021 Income Statement
Net sales $ 9,100
Cost of goods sold (6,325 )
Gross profit 2,775
Operating expenses (2,125 )
Interest expense (210 )
Income tax expense (176 )
Net income $ 264

Comparative Balance Sheets
Dec. 31
2021 2020
Assets
Cash $ 610 $ 510
Accounts receivable 610 410
Inventory 810 610
Property, plant, and equipment (net) 2,100 2,200
$ 4,130 $ 3,730
Liabilities and Shareholders Equity
Current liabilities $ 1,160 $ 910
Bonds payable 1,450 1,450
Common stock 610 610
Retained earnings 910 760
$ 4,130 $ 3,730

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)

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