How do you solve 9 and 10? is my a-d correct?

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, 2020 Revenues Service revenue (clinic, racing. TEAM) $559,000 Sales revenue (MU watches) 134,000 $693.000 Total revenues Expenses Cost of goods sold (MU watches) Operating expenses Depreciation expense Interest expense Income tax expense 78,000 305,076 58,000 30,524 61.800 Total expenses 533,400 Net income $159,600 GREAT ADVENTURES, INC. Balance Sheets December 31, 2020 and 2019 2020 Assets Current assets 2019 Increase or Decrease (Dj Cash $ $ 302.260 57,000 18.200 14,200 Accounts receivable Inventory Other current assets Long-term assets Land Buildings Equipment Less: Accumulated depreciation 146,000 43.000 14,800 11.300 156,260 14.000 3,400 2.400 400.000 1.200,000 73,000 (85,250) 0 0 73,000 (27,250) 400,000 1200,000 Total assets 58.000 $ 1979.410 $ 261,350 Liabilities and Stockholders' Equity 22 12 waliva GREAT ADVENTURES, INC. Balance Sheets December 31, 2020 and 2019 2020 2019 Increase (l) or Decrease (D) $ $ Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Less: Accumulated depreciation 302,260 57000 18,200 14,200 146,000 43,000 14,800 11,800 156,260 14,000 3,400 2.4000 400,000 1.200,000 73.000 (85.250) 400,000 1.200,000 0 0 73.000 (27,250) 58,000 Total assets $ 1979,410 $ 261350 $13.200 830 61,800 3.4000 $9.800 830 42,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term abilities: Notes payable Stockholders' equity Common stock Paid in capital Retained earings Treasury stock Total abilities and stockholders' equity 19,800 576.260 34,000 542,260 130,000 1105,500 179,820 (88000) 30,000 0 144720 O 100,000 1105,500 35100 (88.000) $ 1979,410 $ 261350 As you can tell from the financial statements, 2020 was an especially busy year. Tony and Suzie were able to use the $12 million facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their firstborn son, 10.00 points Required: the follow.inc Round med 22 A EX As you can tell from the financial statements, 2020 was an especially busy year. Tony and Suzie were able to use the $12 milion received from the issuance of 100.000 Shares of stock to hire a construction company for $1 million to build the cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pod to celebrate the bin of their firstbom son, le Venture Memeson. Assume all sales and services are one 9. 1000 points Required 1. Calculate the following risks for 2020. (Us 365 days in a year. Round your intermediate calculations and final awwers to 2 decimal places) Receivabemover b 13.00 2033day 473 T17 Average days in inventory Current ronto Acident rutie 11 References Worksheet Duty: 3 10. 10.00 points References Worksheet Duty: 3 Hard 10. 1000 points 2. Calculate the following profitability ratios for 2020. (Round your answers to 2 decimal places) b N Gross profit ratio on the MU watches Return on ass Profit margin Assover Return on d References Worksheet y 3 Hard an especially busy year. Tony facilities, ropes course, and the outdoor swimming pool. They even put in a baby poo 9. value: 10.00 points Required: 1. Calculate the following risk ratios for 2020. (Use 365 days in a year. Round your in a. 13.86 times b. C. d. Receivables turnover ratio Average collection period Inventory turnover ratio Average days in inventory Current ratio Acid-test ratio Debt to equity ratio Times interest earned ratio 26.33 days 4.73 times 77.17 days to 1 e. f. to 1 g. h. % times References Worksheet Difficulty: 3 Hard Check my work 10. value: 10.00 points References Worksheet Difficulty: 3 Hard Check my work 10. value: 10.00 points 2. Calculate the following profitability ratios for 2020. (Round your answers to 2 decimal plac a. b. % Gross profit ratio (on the MU watches) Return on assets Profit margin Asset turnover Return on equity C % d. % times e. % References Worksheet Difficulty: 3 Hard Check my work