Chapter 12 Homework LO12-01: LO12-03-Graded 3 Exercise 12-5A Evaluate risk ratios (LO12-3) -5 onti rock The 2021 income statement of Adrian Express reports sales of $15,642.000, cost of goods sold of $9.351,500, and net income of $1.590.000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2028 3021 2020 Assets Current assets: Cash Accounts receivable ences Inventory Cong-term assets Total assets Liabilities and Stockholders favity 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: $590,000 s 750,000 3,700,000 4,750,000 900,000 58,540,000 $7,300,000 $2,010,000 $1,650,000 2,290,000 2,300,000 1,950,000 1,900,000 2,260,000 $8,540,000 $7,350,000 aw < Prev 3 of 5 Next > Help S& Submit Check my work