Question
As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from
As you can tell from the financial statements, 2025 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.
1. Calculate the following risk ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)
2. Calculate the following profitability ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)
4 Part 1 of 2 - 4 points P n References Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Net sales revenues Interest revenue Expenses Cost of goode sold Operating expenses expense DE Tetat XX Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Other current aaaaa Long-term assets: Land GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 Buildings 3quipment Accumulated depreciation Total assets Lisbilities and Stockholders Equity Current lisbilities: Accounts payable Interest payable Income tax payable Other current liabilitie $ 39,300 61,160 18,050 8,780 15,300 Notas payable (current) Notes payable (lang-LarD] stockholders' equity: Cormon stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ 180,870 280 142,590 $ 38,560 2025 $ 248,936 49,040 1,060 660,000 840,000 78,480 (26,850) $ 1,859,266 $ 22,400 1,150 15,300 25,800 64,178 623,348 135,000 1,049,600 59,490 (138,000) $ 1,859,266 2024 $ 64,660 0 5,140 0 0 48,000 (8,400) $ 109,400 $ 3,120 8.30 14,160 0 0 31,600 25,440 0 34,250 $ 109,400 4 points D Print M References As you can tell from the financial statements, 2025 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. RWP12-1 (Algo) Great Adventures Continuing Case Part 1 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a. Receivables turnover ratio. (Hint: Use net sales revenues for net onedit salas.) b. Average collection period. c. Inventory turnover ratio. d. Average days in inventory. a. Gurrent ratio f. Acid-test ratio. (Hint: There are no current investments.) g. Deb: to equity ratio. h. Times Interest earned ratio timas days Ges dave % times RWP12-1 (Algo) Great Adventures Continuing Case Part 2 2. Calculate the following profitability ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a. Gross profit ratio. (Hint: Use net sales revenues.) b. Return on assets. c. Profit margin. (Hint: Use net sales revenues.) d. Asset turnover. (Hint: Use net sales revenues.) e. Return on equity. % % % times %
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