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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.)

Asset turnover ratio:

Profit margin on sales:

Return on Equity Multiplier (using the DuPont framework)

Return on assets:

Return on Equity:

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