Find:

Inventory Turnover Ratio, Average days in inventory, Receivables turnover ratio, average collection period, asset turnover ratio, profit margin on sales, return on assets, return on equity, equity multiplier, and return on equity using the duppont framework .

Comparative Balance Sheets December 31 2024 2023 Assets Cash $ 600 $ 500 Accounts receivable 600 Inventory 800 400 600 2,100 Property, plant, and equipment (net) 2,000 $ 4,000 $ 3,600 Liabilities and Shareholders' Equity Current liabilities $ 1,100 Bonds payable Common stock $ 850 1,400 1,400 600 900 Retained earnings 600 750 $ 4,000 $ 3,600 Required: Calculate the following ratios for 2024. Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. Comparative Balance Sheets December 31 2024 2023 Assets Cash $ 600 $ 500 Accounts receivable 600 Inventory 800 400 600 2,100 Property, plant, and equipment (net) 2,000 $ 4,000 $ 3,600 Liabilities and Shareholders' Equity Current liabilities $ 1,100 Bonds payable Common stock $ 850 1,400 1,400 600 900 Retained earnings 600 750 $ 4,000 $ 3,600 Required: Calculate the following ratios for 2024. Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places