Income statement and balance sheet data for Great Adventures, Inc., are provided below

As you can tell from the financial statements, 2020 was an especially busy year. Tony and Suzie were able to use the $1.2 million 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 pool to celebrate the birth of their firstborn son, little Venture Matheson. Assume all sales and services are on credit.

Required:

1. Calculate the following risk ratios for 2020.

2. Calculate the following profitability ratios for 2020.

GREAT ADVENTURES, INC. Income statement For the Year Ended December 31, 2020 Revenues: Service revenue (clinic, racing, TEAM) $543,000 118,000 Sales revenue (MU watches) Total revenues Expenses 70,000 Cost of goods sold (MU watches) 304,276 Operating expenses 50,000 Depreciation expense Interest expense 29,724 Income tax expense 57,000 Total expenses Net income $661,000 511,000 $150,000