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)