Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 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 December 31 2024 2023 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 2024. Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places