1A. Calculate the following risk ratios for 2020. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal places.)

1B. Calculate the following profitability ratios for 2020. (Round your answers to 2 decimal places.)

1A. Calculate the following risk ratios for 2020. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal places.)

1B. Calculate the following profitability ratios for 2020. (Round your answers to 2 decimal places.)

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Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the Year Ended December 31, 2020 Revenues: Service revenue (clinic, racing, TEAM) Sales revenue (MU watches) $547,000 122,000 Total revenues $669,000 Expenses Cost of goods sold (MU watches) Operating expenses Depreciation expense Interest expense Income tax expense 72,000 304,476 52,000 29,924 58,200 Total expenses 516,600 Net income $152,400 GREAT ADVENTURES, INC Balance Sheets December 31, 2020 and 2019 Increase () or Decrease (D) Current assets: 327,832 $140,000 37,000 187,832) 11,000 () 3,100 ) 2100 ) Accounts receivable 7,300 Other current assets Long-term assets: 0 300,000 () 0 1,200,000 () 67,000 67000 (25,750) 52,000 U) Total assets S 1895,682 243,650 Liabilities and Stockholders' Equity Current liabilitios: 3100 ) 19,200 () 482,332 (I) $12,300 Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable 513,332 Stockholders' equity. Common stock Paid-in capital Retained earnings Treasury stock 105,000 161080 (85,000) 100,000 ) 0 1105,000 (I 27,400 ) (85,000) ) Total liabilties and stockholders' equity S 1895,682 243,650 As you can tell from the financial statements, 2020 was an especially busy year. Tony and Suzie were able to use the $1.2 million received from the issuance of 100,000 shares of stock to hire a construction company for $1 million to build the cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their firstborn son, little Venture Matheson. Assume all sales and services are on credit 2. Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Gross profit ratio Return on assets Profit margin Asset turnover times times