Assets ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% $610,000 $770,000 1,420,000 1,010,000 1,820,000 1,410,000 4,810,000 4,250,000 $8,660,000 $7,440,000 $2,010,000 $1,670,000 2,310,000 2,410,000 1,990,000 1,990,000 2,350,000 $8,660,000 1,370,000 $7,440,000 Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the Industry average? Required 1 Required 2 Calculate the four risk ratios listed above for Adrian Express in 2024. (Use 365 days in a year. Round your answers to 1 decimal place. Do not round your intermediate calculations.) Risk Ratios Average collection period Average days in inventory Current ratio Debt to equity ratio days days % Required 1 Required 2 Do you think the company is more risky or less risky than the industry average? Do you think the company is more risky or less risky than the industry average