Net sales 2024 Income Statement Cost of goods sold. $ 9,400 (6,400) Gross profit 3,000 Operating expenses (2,200) Interest expense (248) Income tax expense (224) Net income $336 Comparative Balance Sheets December 31 2024 2023 Assets Cash $ 640 $ 540 Inventory Accounts receivable Property, plant, and equipment (net) Liabilities and Shareholders' Equity 640 440 840 2,400 640 2,500 $ 4,520 $ 4,120 Current liabilities Bonds payable Common stock Retained earnings $ 1,340 $ 1,090 1,600 640 1,600 640 940 790 $ 4,520 $ 4,120 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. Answer is complete but not entirely correct. 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) 8.65 times 42.20 days 17.41 times 20.97 days 2.18 3.57 % 7.43% 21.27% 2.86 times 44.23%