Check my work 1 Required information The following information apples to the questions displayed below) Income statement and balance sheet data for Great Adventures, c, are provided below 0170, 120 CREAT MOVENTURES, INC Tree State For the year ended December 11, 2022 at salos Tev Interest revenue Expo Cost of goods sold $38.800 Operating expe 55.860 Deprecationen 17.350 Interest opene 1,533 14.00 GREAT ADVENTURES, INC. Baschets December 1, 2012 and 2021 2022 32 $206,216 Cash counts receivable ventory Other TM assets Long-terasa Land 7.610 960 4,70 560,010 BIS 010 Swed Help Accounting Cycle Project 3 Part 3 (7 points) Check 1 GREAT ADVENTURES, INC Balance Sheets December 31, 2022 and 2021 2022 2021 Part2 Asta Current sett Cash Aeeots robe ivable $ 206,206 48.140 7.600 . Inventory 3.5 porn 325 560,000 315.000 68,180 43,000 (25,656) B.150) $1,680,236 $104,150 Other current auta Long-ter assets Land Building Equipment Accumulated depreciation Total assets Liabilities and stockholders' quity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable long-term) stockholders equity Comen stek maid-in capital Retained earning Treasury stock Total liabilities and stockholders' equity 21,400 900 14,800 22,00 54,075 531,174 $ 2.920 780 14,060 D 30,60D 126.000 22,040 958, 600 o 33.750 (248.000 0 $1,680,236 $104,150 As you can tell from the financial statements, 2022 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, roes course and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child 1 1 Retained earnings Try stok Total liabilities and stockholders' equity 58,487 33,750 800.000 $1,680,236 $104,150 Part 2 As you can tell from the financial statements, 2022 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 3.5 points 013241 Required: 1. Calculate the following risk ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) References b. Receivables turnover ratio. (Hint: Usenet sales revenues for net credit ses) Average collection period Inventory tumover ratio Average days in inventory Currento Acid-testation. There are no current investments) Detto equity Foto Times interesteamed ratio 7.1 times 514 Caye 102 mes 35.8 days to 1 d + times Y 2. Calculate the following profitability ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a % b. Gross profit ratio. (Hint: Ute net sales revenues) Return on assets Profit margin (Hint: Usenet sales revenues) Asset turnover (Hint: Use net sales revenues) Return on equity c. d % times %
