Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.) 8.41 43.40 days 17.02 21.45 days 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) % % % times % 2021 Income Statement Net sales $ 9,700 Cost of goods sold (6,475) Gross profit 3,225 Operating expenses (2,275) Interest expense (270) Income tax expense (272) Net income $ 408 Comparative Balance Sheets Dec. 31 2021 2020 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) $ 670 670 870 2,700 $4,910 $ 570 470 670 2,800 $4,510 Liabilities and Shareholders' Equity Current liabilities Bonds payable Common stock Retained earnings $1,520 1,750 670 970 $4,910 $1,270 1,750 670 820 $4,510