The 2015 income statement of Adrian Express reports sales of $15.2 million cost of goods sold of $10 million, and net income of $3.2 million. Balance sheet information is provided in the following table.

Industry averages for the following four risk ratios are as follows:
Average collection period ........ 50 days
Average days in inventory ....... 60 days
Current ratio ............. 2 to 1
Debt to equity ratio ......... 60%

Required:
1. Calculate the four risk ratios listed above for Adrian Express in 2015.
2. Do you think the company is more risky or less risky than the industry average? Explain youranswer.

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ADRIAN EXPRESS Balance Sheets December 31,2015 and 2014 2015 2014 Assets Current assets S 800.000 S 900.000 2,100,0001.800.000 1500,0001.600,000 200 000 5.400.000 S9.600,000 $9,700.000 as Accounts receivable Inventorv Long-term assets Total assets Liabilities and Stockholders' Equit Current liabilities Long-tem liabilities Common stock Retained earmings S1.800.000 S2.000.000 1500,000 2.100,000 3.000.000 3.000,000 Total liabilities and stockholders equity S9.600000 S9.00.000