\begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} GREAT ADVENTURES, INCORPORATED \\ Balance Sheets \\ December 31,2025 and 2024 \end{tabular} & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Current assets: & & $64,500 \\ \hline \begin{tabular}{l} Cash \\ Accounts receivable \end{tabular} & \begin{tabular}{r} $180,568 \\ 47,600 \end{tabular} & 0 \\ \hline Inventory & 7,000 & 0 \\ \hline other current assets & 900 & 4,500 \\ \hline \multicolumn{3}{|l|}{ Long-term assets: } \\ \hline Land & 500,000 & 0 \\ \hline Buildings & 800,000 & 0 \\ \hline Equipment & 62,000 & 40,000 \\ \hline Accumulated depreciation & (25,250) & (8,000) \\ \hline Total assets & $1,572,818 & $101,000 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $20,800 & $2,800 \\ \hline Interest payable & 750 & 750 \\ \hline Income tax payable & 14,500 & 14,000 \\ \hline other current liabilities & 21,000 & 0 \\ \hline Notes payable (current) & 48,014 & 0 \\ \hline Notes payable (long-term) & 475,869 & 30,000 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity: } \\ \hline Common stock & 120,000 & 20,000 \\ \hline Paid-in capital & 904,000 & 0 \\ \hline Retained earnings & 57,885 & 33,450 \\ \hline Treasury stock & (90,000) & 0 \\ \hline Total liabilities and stockholders' equity & $1,572,818 & $101,000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales.) & times \\ \hline b. Average collection period. & & days \\ \hline c. Inventory turnover ratio. & times \\ \hline d. Average days in inventory. & days \\ \hline e. Current ratio. & & \\ \hline f. Acid-test ratio. (Hint: There are no current investments.) & & times \\ \hline g. Debt to equity ratio. & & \\ \hline h. Times interest earned ratio. & & \\ \hline \end{tabular} 2. Calculate the following profitability ratios for 2025 . (Use 365 days in a y final answers to 1 decimal place.)