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Financial statements for Askew Industries for 2024 are shown below (in thousands): Net sales 2024 Income Statement $ 9,000 Cost of goods sold Gross
Financial statements for Askew Industries for 2024 are shown below (in thousands): Net sales 2024 Income Statement $ 9,000 Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income (6,300) 2,700 (2,100) (200) (100) $ 300 Comparative Balance Sheets 2024 December 31 2023 Assets Cash Accounts receivable Inventory $ 600 600 800 $ 500 400 Property, plant, and equipment (net) Liabilities and Shareholders' Equity Current liabilities Bonds payable 2,000 $ 4,000 600 2,100 $ 3,600 Common stock $ 1,100 1,400 600 $ 850 1,400 600 7 Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) % % Etimes %
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