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begin{tabular}{|c|c|c|} hline begin{tabular}{c} GREAT ADVENTURES, INCORPORATE Balance Sheets December 31,2025 and 2024 end{tabular} & 2025 & 2024 hline hline begin{tabular}{l} Cash

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\begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} GREAT ADVENTURES, INCORPORATE \\ Balance Sheets \\ December 31,2025 and 2024 \end{tabular} & 2025 & 2024 \\ \hline \\ \hline \begin{tabular}{l} Cash \\ Cass: \end{tabular} & $266,028 & $64,700 \\ \hline Accounts receivable & 49,400 & 00 \\ \hline Inventory & 9,000 & 0 \\ \hline Other current assets & 1,100 & 5,300 \\ \hline \multicolumn{3}{|l|}{ Long-term assets: } \\ \hline Land & 700,000 & 0 \\ \hline Buildings & 850,000 & 0 \\ \hline \begin{tabular}{l} Equipment \\ Accumulated depreciation \end{tabular} & \begin{tabular}{r} 82,600 \\ (27,250) \end{tabular} & \begin{tabular}{l} 50,000 \\ (8,500) \end{tabular} \\ \hline \begin{tabular}{l} Accumulated depreciation \\ Total assets \end{tabular} & & (8,500) \\ \hline Total assets & $1,930,878 & $111,500 \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Liabilities and Stockholders' Equity \\ Current liabilities: \end{tabular}} \\ \hline Accounts payable & $22,800 & \\ \hline Interest payable & 1,250 & 850 \\ \hline Income tax payable & 15,500 & 14,200 \\ \hline other current liabilities & 27,000 & 0 \\ \hline Notes payable (current) & 68,219 & 0 \\ \hline Notes payable (long-term) & 660,218 & 32,000 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity: } \\ \hline Common stock & 140,000 & 26,800 \\ \hline Paid-in capital & 1,086,000 & 0 \\ \hline Retained earnings & 59,891 & 34,450 \\ \hline Treasury stock & (150,000) & 0 \\ \hline Total liabilities and stockholders' equity & $1,930,878 & $111,500 \\ \hline \end{tabular} 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. 2. Calculate the following profitability ratios for 2025 . (Use 365 days in a year. Round your intermediate calculations and fina answers to 1 decimal place.)

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