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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

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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.)

image text in transcribed Financlal statements for Askew Industrles for 2021 are shown below (in thousands): \begin{tabular}{|c|l|r|l|} \hline 1. & Inventory turnover ratio & & \\ \hline 2. & Average days in inventory & 41.00 & days \\ \hline 3. & Receivables turnover ratio & 17.84 & \\ \hline 4. & Average collection period & 20.45 & days \\ \hline 5. & Asset turnover ratio & & \\ \hline 8. & Profit margin on sales & % \\ \hline 7. & Return on assets & % \\ \hline 8. & Return on equity & % \\ \hline 9. & Equity multiplier & & % \\ \hline 10. & Return on equity (using the DuPont framework) & % \\ \hline \end{tabular} Financlal statements for Askew Industrles for 2021 are shown below (in thousands): \begin{tabular}{|c|l|r|l|} \hline 1. & Inventory turnover ratio & & \\ \hline 2. & Average days in inventory & 41.00 & days \\ \hline 3. & Receivables turnover ratio & 17.84 & \\ \hline 4. & Average collection period & 20.45 & days \\ \hline 5. & Asset turnover ratio & & \\ \hline 8. & Profit margin on sales & % \\ \hline 7. & Return on assets & % \\ \hline 8. & Return on equity & % \\ \hline 9. & Equity multiplier & & % \\ \hline 10. & Return on equity (using the DuPont framework) & % \\ \hline \end{tabular}

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