$193,410 400 For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $39,900 Operating expenses 68,480 Depreciation expense 18,650 Interest expense 10,276 Income tax expense 15,900 Total expenses Net income 153,206 $ 40,604 2022 2021 $ 64,780 nces 5,620 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 Assets Current assets: Cash 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 $ 300, 210 50, 120 9,800 1,180 780,000 870,000 90,840 (28,050) $2,074,100 @ 54,000 (8,700) $115,700 $ 3,360 890 14,280 $ 23,600 1,450 15,900 29,400 76,301 733,955 148,000 1,158,800 60,694 (174, 000) $2,074,100 @ 32,800 29,520 34,850 8 $115, 700 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.) a. times b. d Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) Average collection period. Inventory tumover ratio, Average days in inventory Current ratio Acid-test ratio (Hint: There are no current investments) Debt to equity ratio Times interest earned ratio. days times days to 1 to 1 % 1 9 h. times