Question: Please help as much as possible! :) thank you! The 2021 income statement of Adrian Express reports sales of $14,706,000, cost of goods sold of
Please help as much as possible! :) thank you!
The 2021 income statement of Adrian Express reports sales of $14,706,000, cost of goods sold of $8,624,000, and net income of $1,560,000. Balance sheet information is provided in the following table.


The 2021 income statement of Adrian Express reports sales of $14,706,000, cost of goods sold of $8,624,000, and net income of $1,560,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 560,000 $ 720,000 Accounts receivable 1,320,000 960,000 Inventory 1,720,000 1,360,000 Long-term assets 4,760,000 4,200,000 Total assets $8,360,000 $7,240,000 Liabilities and Stockholders' Equity Current liabilities $1,980,000 $1,620,000 Long-term liabilities 2,260,000 2,360,000 Common stock 1,920,000 1,920,000 Retained earnings 2,200,000 1,340,000 Total liabilities and stockholders' equity $8,360,000 $7,240,000 Industry averages for the following four risk ratios are as follows: 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 clays in a year. Round your answers to 1 decimal place.) Average collection period Average days in inventory - - Debt to equity ratio - 2. Do you think the company is more risky or less risky than the industry average? 0 More risky 0 Less risky
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