Balance Sheets December 31, Year 2 and Year 1 Year 2 Year 1 Assets 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 $ 690,000 $ 850,000 1,580,000 1,090,000 1,980,000 1,490,000 4,890,000 4,330,000 $9,140,000 $7,760,000 $1,930,000 $1,750,000 2,390,000 2,490,000 1,910,000 1,910,000 2,910,000 1,610,000 $9,140,000 $7,760,000 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 1 508 Required: 1. Calculate the four risk ratios listed above for Company A in Year 2. (Use 365 days in a year. Rou place.) Risk Ratios Average collection period Average days in inventory Current ratio Debt to equity ratio days days to 1 % Balance Sheets December 31, Year 2 and Year 1 Year 2 Year 1 Assets 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 $ 690,000 $ 850,000 1,580,000 1,090,000 1,980,000 1,490,000 4,890,000 4,330,000 $9,140,000 $7,760,000 $1,930,000 $1,750,000 2,390,000 2,490,000 1,910,000 1,910,000 2,910,000 1,610,000 $9,140,000 $7,760,000 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 1 508 Required: 1. Calculate the four risk ratios listed above for Company A in Year 2. (Use 365 days in a year. Rou place.) Risk Ratios Average collection period Average days in inventory Current ratio Debt to equity ratio days days to 1 %