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Financial statements for Askew Industries for 2021 are shown below (in thousands): Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do
Financial statements for Askew Industries for 2021 are shown below (in thousands): 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.) \begin{tabular}{|c|l|l|l|} \hline & & & \\ \hline 1. & Inventory turnover ratio & \\ \hline 2. & Average days in inventory & & days \\ \hline 3. & Receivables turnover ratio & \\ \hline 4. & Average collection period & & days \\ \hline 5. & Asset turnover ratio & & % \\ \hline 6. & Profit margin on sales & % \\ \hline 7. & Return on assets & % \\ \hline 8. & Return on equity & % & times \\ \hline 9. & Equity multiplier & % \\ \hline 10. & Return on equity (using the DuPont framework) & % \\ \hline \end{tabular}
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