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Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales $ 8,800 Cost of goods sold (6,200 )

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

2021 Income Statement
Net sales $ 8,800
Cost of goods sold (6,200 )
Gross profit 2,600
Operating expenses (2,000 )
Interest expense (160 )
Income tax expense (176 )
Net income $ 264

Comparative Balance Sheets
Dec. 31
2021 2020
Assets
Cash $ 560 $ 460
Accounts receivable 560 360
Inventory 760 560
Property, plant, and equipment (net) 1,600 1,700
$ 3,480 $ 3,080
Liabilities and Shareholders Equity
Current liabilities $ 860 $ 610
Bonds payable 1,200 1,200
Common stock 560 560
Retained earnings 860 710
$ 3,480 $ 3,080

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 days

3.Receivables turnover ratio

4.Average collection perioddays

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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