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Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales $ 10,000 Cost of goods sold (6,550 )

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

2021 Income Statement
Net sales $ 10,000
Cost of goods sold (6,550 )
Gross profit 3,450
Operating expenses (2,350 )
Interest expense (300 )
Income tax expense (320 )
Net income $ 480

Comparative Balance Sheets
Dec. 31
2021 2020
Assets
Cash $ 700 $ 600
Accounts receivable 700 500
Inventory 900 700
Property, plant, and equipment (net) 3,000 3,100
$ 5,300 $ 4,900
Liabilities and Shareholders Equity
Current liabilities $ 1,700 $ 1,450
Bonds payable 1,900 1,900
Common stock 700 700
Retained earnings 1,000 850
$ 5,300 $ 4,900

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 period 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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