Question: Financial s 1 . Inventory turnover ratio 2 . Average days in inventory 3 . Receivables turnover ratio 4 . Average collection period 5 .

Financial s1. 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)tatements for Askew Industries for 2024 are shown below (in thousands):
2024 Income Statement
Net sales $ 9,200
Cost of goods sold (6,350)
Gross profit 2,850
Operating expenses (2,150)
Interest expense (220)
Income tax expense (192)
Net income $ 288
Comparative Balance Sheets
December 31
20242023
Assets
Cash $ 620 $ 520
Accounts receivable 620420
Inventory 820620
Property, plant, and equipment (net)2,2002,300
$ 4,260 $ 3,860
Liabilities and Shareholders Equity
Current liabilities $ 1,220 $ 970
Bonds payable 1,5001,500
Common stock 620620
Retained earnings 920770
$ 4,260 $ 3,860
Required:
Calculate the following ratios for 2024.
Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.

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