Income statement and balance sheet data for Great Adventures, Inc., are provided below.

As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child.

Required information [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Inc., are provided below GREAT ADVENTURES, INC Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: $164,150 120 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense $38,500 51,400 17,250 6,785 14,500 Total expenses 128,435 $ 35,835 Net income GREAT ADVENTURES, INC Balance Sheets December 31, 2022 and 2021 2022 2021 Assets Current assets: $180,568 64,500 Lash Accounts receivable Inventory Other current assets 47,600 7,000 900 4,500 Long-term assets: Land Buildings Equipment Accumulated depreciation 500,000 800,000 62,000 25,250 40,000 8,000 $1,572,818 $101,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) $ 20,800 $ 2,800 750 14,000 750 14,500 21,000 48,014 475,869 Notes payable (long-term) Stockholders' equity: 30,000 20,000 33,450 $1,572,818 $101,000 Common stock Paid-in capital Retained earnings Treasury stock 120,000 904,000 57,885 90,000 Total liabilities and stockholders equity As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child Required 1. Calculate the following risk ratios for 2022 (Use 365 days in a year. Round your intermediate calculations and final answers to1 decimal place.) a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) b. Average collection period C. Inventory turnover ratio d. Average days in inventory e. Current ratio f. Acid-test ratio. (Hint: There are no current investments) g. Debt to equity ratio h. Times interest earned ratio. times days times days to 1 to 1 times 2. Calculate the following profitability ratios for 2022.(Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a. Gross profit ratio. (Hint: Use net sales revenues) b Return on assets c. Profit margin. (Hint: Use net sales revenues) d. Asset turnover. (Hint: Use net sales revenues) e. Return on equity times Required information [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Inc., are provided below GREAT ADVENTURES, INC Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: $164,150 120 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense $38,500 51,400 17,250 6,785 14,500 Total expenses 128,435 $ 35,835 Net income GREAT ADVENTURES, INC Balance Sheets December 31, 2022 and 2021 2022 2021 Assets Current assets: $180,568 64,500 Lash Accounts receivable Inventory Other current assets 47,600 7,000 900 4,500 Long-term assets: Land Buildings Equipment Accumulated depreciation 500,000 800,000 62,000 25,250 40,000 8,000 $1,572,818 $101,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) $ 20,800 $ 2,800 750 14,000 750 14,500 21,000 48,014 475,869 Notes payable (long-term) Stockholders' equity: 30,000 20,000 33,450 $1,572,818 $101,000 Common stock Paid-in capital Retained earnings Treasury stock 120,000 904,000 57,885 90,000 Total liabilities and stockholders equity As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child Required 1. Calculate the following risk ratios for 2022 (Use 365 days in a year. Round your intermediate calculations and final answers to1 decimal place.) a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) b. Average collection period C. Inventory turnover ratio d. Average days in inventory e. Current ratio f. Acid-test ratio. (Hint: There are no current investments) g. Debt to equity ratio h. Times interest earned ratio. times days times days to 1 to 1 times 2. Calculate the following profitability ratios for 2022.(Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a. Gross profit ratio. (Hint: Use net sales revenues) b Return on assets c. Profit margin. (Hint: Use net sales revenues) d. Asset turnover. (Hint: Use net sales revenues) e. Return on equity times