Financial statements for Askew Industries for 2013 are shown below:

Required:

Calculate the following ratios for 2013.

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 shareholders’ equity

9. Equity multiplier

10. Return on shareholders’ equity (using the DuPont framework)

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2013 Income Statement (S in 000s) S 9,000 (6,300) Sales Cost of goods sold Gross profit Operating expenses Interest expense Тах еxpense 2,700 (2,000) (200) (200) $ 300 Net income Comparative Balance Sheets Dec. 31 2013 2012 Assets $ 600 600 $ 500 Cash Accounts receivable 400 Inventory Property, plant, and equipment (net) 800 600 2,000 2,100 $4,000 $3,600 Liabilities and Shareholders' Equity $1,100 1,400 600 $ 850 Current liabilities Bonds payable Paid-in capital Retained earnings 1,400 600 900 750 $4,000 $3,600