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2 Problem 4-12 Calculating activity and profitability ratios (LO4-10] Financial statements for Askew Industries for 2018 are shown below (in $000's): 0 2018 Incone Statement $ 8.700 (6,075) 2,625 (1,775) (110) (296) oints Sales Cost of goods sold Gross profit Operating expenses Interest expense eBook x expens References 444 Net income Comparative Balance Sheets Dec. 31 2017 2018 Assets $ 410 510 510 Cash 310 Accounts receivable 710 510 Inventory Property, plant, and equipment (net) 1,100 1,200 $2,430 $2,830 Liabilities and Shareholders' Equity Pen Mc Graw Hill 2 of 2