DeVry Grades Financia M McGra M Qu: X M McGra New Ta Inbox Google E Untitle G WEEK Devry ! G Google * Course + V X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%... Week 8: Homework SEVEE Help Save & Exit Submit Check my work 3 The 2021 Income statement of Adrian Express reports sales of $15,960,000, cost of goods sold of $9.600,000, and net Income of $1,600,000. Balance sheet Information is provided In the following table. 10 ADRIAN EXPRESS points Balance Sheets December 31, 2021 and 2020 2021 2920 Assets Current assets: eBook Cash 680, 080 $ 760,806 Accounts receivable 1, 480, 020 1, 800, Bee Inventory 1, 820, egg 1,490,800 Long-term assets 4,880, 020 4, 240,800 Him Total assets $8, 680. 089 $7,400,806 Liabilities and Stockholders Equity Current liabilities $1, 660, 606 Long-term liabilities 2, 360, 080 2,490,600 Ask Common stock 2, Bee, ese 2, e Retained earnings 2,280, 680 Total liabilities and stockholders' equity $8, 600, 080 $7,400,090 Print Industry averages for the following four risk ratios are as follows: References Average collection period 25 days Average days in inventory 60 days Current ratio 2 to 1 Debt to equity ratio 50% Required: 1. Calculate the four risk ratios listed above for Adrian Express In 2021. (Use 365 days in a year. Round your answers to 1 decimal place.) Risk Ratios Average collection period days Average days in inventory days Current ratio to 1 Debt to equity ratio % 1 83.F Q Search a 3:25 PM 6/24/2023 11 Mostly sunny