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please show how you got uour answer to 10. return on equity using the dupont framework. Financial statements for Askew Industries for 2021 are shown
please show how you got uour answer to 10. return on equity using the dupont framework.
Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales $ 9,300 Cost of goods sold (6,375) Gross profit 2,925 Operating expenses (2,175) Interest expense (230) Income tax expense (208) Net income $ 312 Comparative Balance Sheets Dec. 31 2021 2020 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) $ 630 630 830 2,300 $4,390 $ 530 430 630 2,400 $3,990 Liabilities and Shareholders' Equity Current liabilities Bonds payable Common stock Retained earnings $1,280 1,550 630 930 $4,390 $1,030 1,550 630 780 $3,990 Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do not round answers to 2 decimal places.) X Answer is not complete. 1 2. 3 days days 4 5 6 7 8 9 10 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 Return on equity (using the DuPont framework) 8.73 41.81 17.55 20.80 2.22 3.35 7.44 21.01 2.82 % % % times % Step by Step Solution
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