Financial statements for Askew Industries for 2024 are shown below (in thousands):

Required:
Calculate the following ratios for 2024.
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)

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2024 Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income $9,000 (6,300) 2,700 (2,100) (200) (100) $ 300 Comparative Balance Sheets Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) Liabilities and Shareholders' Equity Current liabilities Bonds payable Common stock Retained earnings 2024 $ 600 600 800 2,000 $4,000 $1,100 1,400 600 900 $4,000 Dec. 31 2023 $ 500 400 600 2,100 $3,600 $ 850 1,400 600 750 $3,600