Hawkes Learning Home X + ved The 2018 income tax The following come State https://exto.education.com/mix 2 Homework - Part 20 pts Question 5 of 11 > 0.90 points Exercise 12-5 Evaluate risk ratios (L012-3) The 2018 income statement of Adrian Express reports sales of $16,957,000, cost of goods sold of $11.971.500, and net income of $1,890,000 Balance sheet information is provided in the following table ADRIAN EXPRESS Balance Sheets December 31, 2016 and 2017 2018 2017 Cum Noots receive $650 000 1.500.000 1 500 000 4,890,000 $850 000 1.090.000 140 000 4.330,000 $ 9.10 000 ST 000 Lunes and whers' Equity Current Com $ 1.550.000 2.300.000 1.510.000 2990000 $1,750 000 2.490.000 1910.000 1,610 000 $9.500.000 ST.750.000 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 2018 Risk Ratios Average collection period Average days in inventory Current ratio Debt to equity ratio 26.8 days 57.9 days 2.0 to 1 96.9 % 2. Do you think the company is more risky or less risky than the industry a More risky Less risky Hints References eBook & Resources Hint #1 Check my work