Q chat gpt - Search X D2L Project 3 - Great Adventures x ChatGPT x M Question 5 - Project 3 - Great X Homework Help - Q&A from ( x + CA 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... * A Paused Project 3 - Great Adventures i Saved Help Save & Exit Submit Check my work 5 ! Required information Part 1 of 2 RWP12-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] 6.66 Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. points GREAT ADVENTURES, INCORPORATED Income Statement eBook For the Year Ended December 31, 2025 Net sales revenues $ 203, 860 References Interest revenue 500 Expenses : Cost of goods sold $ 40, 400 Operating expenses 74, 580 Depreciation expense 19, 150 Interest ex 11, 523 Income tax expense 16, 400 Total expenses 162, 053 Net income $ 42,307 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Assets Current assets: Cash $ 342, 940 $ 64, 880 Arraiinte receivable 51 070 a Mc Graw 5 6 of 6 Next > HillQ chat gpt - Search X D2L Project 3 - Great Adventures x ChatGPT x M Question 5 - Project 3 - Great X Homework Help - Q&A from ( x + CA 2 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... * A Paused Project 3 - Great Adventures i Saved Help Save & Exit Submit Check my work 5 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Assets Part 1 of 2 Current assets: Cash $ 342, 940 $ 64, 880 Accounts receivable 51, 020 Inventory 10 , 800 6.66 Other current assets 1, 280 6, 020 Long-term assets: points Land 880, 000 Buildings 895 , 000 0 Equipment 101, 140 59, 000 eBook Accumulated depreciation (29, 050) 8, 950) Total assets $ 2, 253, 130 $ 120, 950 References Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 24, 600 $ 3,560 Interest payable 1, 700 940 Income tax payable 16, 400 14, 380 Other current liabilities 32, 400 Notes payable (current) 86, 404 0 Notes payable (long-term) 826, 129 33 , 800 Stockholders' equity: Common stock 158, 000 32, 920 Paid-in capital 1, 249, 800 Retained earnings 61, 697 35, 350 Treasury stock (204, 000) Total liabilities and stockholders' equity $ 2, 253, 130 $ 120, 950 As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to lise the money received from harrowing and the issuance of stock to hilv land and heain construction of Mc Graw HillQ chat gpt - Search x Project 3 - Great Adventures X ChatGPT x m Question 5 - Project 3 - Grea X u Homework Help - Q&A from X + ~ > C M %5 ezto.mheducation.com/ext/map/index.htm|?_con=con&external_browser=0&launchUrl=https%253A%252F %252FIms.mheducation.com%252Fmghmi.. & t 3 S Paused Project 3 - Great Adventures @) Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 5 As you can tell from the financial statements, 2025 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. Part 1 0of 2 o RWP12-1 (Algo) Great Adventures Continuing Case Part 1 6.66 int: . POIRES Required: 1. Calculate the following risk ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) 0 Answer is complete but not entirely correct. a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales.) 8.0 @ |times b. Average collection period. 45.6 Q days c. Inventory turnover ratio. 7.5 @ |times d. Average days in inventory. 48.7 Q days e. Current ratio. 25@ f. Acid-test ratio. (Hint: There are no current investments.) 24@ g. Debt to equity ratio. 08 |% h. Times interest earned ratio. 6.1 @ |times