Done Chapter 12 Quiz 6 ezto.mheducation.com AA C Sanit 9 The 2021 income statement of Adrian Express reports sales of $18,270,000, cost of goods sold of $11,423,500, and net income of $1,670,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 Me < 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 567, 138 1,940, 1,4N $1,950,000 $1,73 2,372,4 Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratin Debt to equity rati 25 days 2 to 1 58% Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2021. (Use 365 days in a year. Round your answers to 1 decimal place.) Average days in inventory Cument re 545 days < Prev 9 of 12 Next >>