10 3 The 2021 income statement of Adrian Express reports sales of $18,612,000, cost of goods sold of $11,696,000, and net income of $1,680,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets points Skipped Assets Current assets: Cash Accounts receivable Inventory eBook Hint Ask Print Long-term assets Total assets December 31, 2021 and 2020 2021 2020 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 680,000 $ 840,000 1,560,000 1,080,000 1,960,000 1,480,000 4,880,000 4,320,000 $9,080,000 $7,720,000 $1,940,000 $1,740,000 2,380,000 2,480,000 1,920,000 1,920,000 2,840,000 1,580,000 $9,080,000 $7,720,000 Industry averages for the following four risk ratios are as follows: Average collection period References Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 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 days days to 1 % Average collection period Average days in inventory Current ratio Debt to equity ratio 2. Do you think the company is more risky or less risky than the industry average? More risky O Less risky