$178,789 260 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $39. 200 Operating expenses 59.940 Depreciation expense 17.95 Interest expense 8.530 Income tax expense 15,280 Total expenses Net Income 140.82e $38.220 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Assets Current assets: $ $ 64,640 240, 390 48.860 8.400 1,64 5,060 648.829 835,880 76,420 (26,65e) $1,823,460 47.880 (8.35e) $108,35e Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ 3.888 820 14,140 22.289 1.1ee 15, 289 25, 200 62.157 624,913 31,400 24,760 134,820 1,031.480 59,290 (132,680) $1,823,462 34,150 $108,35e As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzle 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 to 1 decimal place.) times days a. b. c. d times days Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) Average collection period. Inventory turnover ratio n Average days in inventory. Current ratio Acid-test ratio. (Hint: There are no current investments) Debt to equity ratio. Times interest earned ratio. g. h