Exercise 14-JA Evaluate risk ratios (LC12-3) The 2021 income statement of Adrian Express reports sales of $18,957,000, cost of goods sold of $11,971,500, and net income of $1,690,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Long-term liabilities Current liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 690,000 1,580,000 1,980,000 4,890, 000 $9, 140, 000 $1,930,000 2, 390, 000 1,910,000 2,910, 000 $9,140,000 $ 850,000 1,090,000 1, 490,000 4,330,000 $7,760,000 $1,750,000 2, 490,000 1,910,000 1,610,000 $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 50% 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.) Risk Ratios days days Average collection period Average days in inventory Current ratio Debt to equity ratio to 1 %