Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets ADRIAN EXPRESS Balance Sheets December...

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Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% $520,000 $680,000 1,240,000 920,000 1,640,000 1,320,000 4,720,000 4,160,000 $8,120,000 $7,080,000 $1,940,000 $1,580,000 2,250,000 2,320,000 1,840,000 1,840,000 2,090,000 $8,120,000 1,340,000 $7,080,000 Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the industry average? Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% $520,000 $680,000 1,240,000 920,000 1,640,000 1,320,000 4,720,000 4,160,000 $8,120,000 $7,080,000 $1,940,000 $1,580,000 2,250,000 2,320,000 1,840,000 1,840,000 2,090,000 $8,120,000 1,340,000 $7,080,000 Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the industry average?