Show me the steps to solve Problem $4-12($Static$)$ Calculating activity and profitability ratios $[$LO$4-10]$ Required:

Calculate the following ratios for $2024.$

Note: Consider $365$ days a year. Do not round intermediate calculations and round your final answers to $2$ decimal places.

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

$\backslash$table$[[2024$ Income Statement$],[$Net sales,$$9,000],[$Cost of goods sold,$(6,300)],[$Gross profit,$2,700],[$Operating expenses,$(2,100)],[$Interest expense,$(200)],[$Income tax expense,$(100)],[$Net income,$$300]]$

$\backslash$table$[[$Comparative Balance Sheets$],[,$December $31],[,2024,2023],[$Assets$],[$Cash$,$$$600,$$$500],[$Accounts receivable,$600,400],[$Inventory$,800,600],[$Property$,$ plant, and equipment $($net$),2,000,2,100],[,$$$4,000,$$ $3,600],[$Liabilities and Shareholders' Equity,,$],[$Current liabilities,$$1,100,$$$850],[$Bonds payable,$1,400,1,400],[$Common stock,$600,600],[$Retained earnings,$900,750],[,$$$4,000,$$$3,600]]$