Great Adventures Problem AP12-1 [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues $ 191,320 Interest revenue 380 Expenses: Cost of goods sold $ 39,800 Operating expenses 67,260 Depreciation expense 18,550 Interest expense 10,027 Income tax expense 15,800 Total expenses 151,437 Net income $ 40,263 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 Assets Current assets: Cash $ 291,664 $ 64,760 Accounts receivable 49,940 0 Inventory 9,600 0 Other current assets 1,160 5,540 Long-term assets: Land 760,000 0 Buildings 865,000 0 Equipment 88,780 53,000 Accumulated depreciation (27,850 ) (8,650 ) Total assets $ 2,038,294 $ 114,650 Liabilities and Stockholders Equity Current liabilities: Accounts payable $ 23,400 $ 3,320 Interest payable 1,400 880 Income tax payable 15,800 14,260 Other current liabilities 28,800 0 Notes payable (current) 74,281 0 Notes payable (long-term) 715,520 32,600 Stockholders equity: Common stock 146,000 28,840 Paid-in capital 1,140,600 0 Retained earnings 60,493 34,750 Treasury stock (168,000 ) 0 Total liabilities and stockholders equity $ 2,038,294 $ 114,650 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. Great Adventures Problem AP12-1 Part 1 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.)

Calculate the following risk ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)

a.	Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales)		times
b.	Average collection period.		days
c.	Inventory turnover ratio.		times
d.	Average days in inventory.		days
e.	Current ratio.		to 1
f.	Acid-test ratio. (Hint: There are no current investments)		to 1
g.	Debt to equity ratio.		%
h.	Times interest earned ratio.		times