4. Part 1 of 2 4 points Required information Great Adventures Problem AP12-1 [The following information applies to the questions displayed below.) Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues $185,050 Interest revenue 320 Expenses Cost of goods sold $39,500 Operating expenses 63,600 Depreciation expense 18,250 Interest expense 9,279 Income tax expense 15,500 Total expenses 146, 129 Net income $ 39,241 Print References 4 CREAT ADVENTURES, INC. Balance sheets December 31, 2022 and 2021 2022 2021 Part of 4 points 266,028 $ 64,900 49.400 . 9,000 0 1.100 5,300 700,000 0 850,000 82,600 50,000 (22,250) (0,500) $1,930,878 $111,500 Print Assets Current and Canh Accounts receivable Tnventory Other current assets Long-term annetai Land Buildings Equipment Accumulated depreciation Total asset. Liabilities and stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Other current la lities Notes payable (current) Notes payable (long-term) Stockholders' equity Common stock Paid-in capital Retained earnings Treasury stock $ 22,800 $ 3,200 1.250 850 15,500 14,200 27,000 0 68,219 0 660,218 32,000 140,000 26, 800 1,086,000 0 59,891 34,450 0 (150.000) $1,930,678 $111,500 Total liabilities and stockholders' equity As you can tell from the financial statements, 2022 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. Total liabilities and stockholders equity $1.930,878 $111,500 4 As you can tell from the financial statements, 2022 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 of 2 Great Adventures Problem AP12-1 Part 1 points 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.) Pynt References a b G d. Receivables tumover ratio (Hint: Use net sales revenues for not credit sales) Average collection period Inventory turnover ratio Average days in Inventory Current ratio Acid-test ratio (Hint: There are no current investments) Debt to equity ratio Times interest earned ratio. times days times days to 1 to 1 % times e. 9 Saved Sa- 5 Motion Med Accounting sun dule 3/Accounting Cycle 3 Help NOEGS payable (current) 08,41 Notes payable (long-term) 660,218 32,000 Stockholders' equity. Common stock 140,000 26,800 Paid-in capital 1,086,000 0 Retained earnings 59,891 34,450 Treasury stock (150.000) D Total liabilities and stockholders' equity $1,930,878 $111,500 2 of 2 As you can tell from the financial statements, 2022 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. Great Adventures Problem AP12-1 Part 2 rences 2. Calculate the following profitability ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) % b C. Gross profit ratio. (Hint: Use net sales revenues) Return on assets Profit margin. (Hint: Use net sales revenues) Asset tumover. (Hint: Use net sales revenues) Return on equity % % times % d. e