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

GREAT ADVENTURES, INC. Income Statement For the Year Ended December 31, 2014
Revenues:
Service revenue (clinic, racing, TEAM)	576,000
Sales revenue (MU watches)	131,000
Total revenues		$707,000
Expenses:
Cost of goods sold (MU watches)	69,100
Operating expenses	293,276
Depreciation expense	49,900
Interest expense	23,760
Income tax expense	56,000
Total expenses		492,036
Net income		$214,964

GREAT ADVENTURES, INC. Balance Sheet December 31, 2014 and 2013
	2014	2013	Increase (I) or Decrease (D)
Assets
Current assets:
Cash	$ 325,393	$145,580	179,813	(I)
Accounts receivable	44,200	34,900	9,300	(I)
Inventory	15,100	13,200	1,900	(I)
Other current assets	12,100	10,500	1,600	(I)
Long-term assets:
Land	489,000	0	489,000	(I)
Buildings	990,000	0	990,000	(I)
Equipment	63,200	63,200
Less: Accumulated depreciation	(75,850)	(25,950)	49,900	(I)
Total assets	$1,863,143	$241,430
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 12,300	$ 10,700	1,600	(I)
Interest payable	830	830
Income tax payable	57,300	38,400	18,900	(I)
Long-term liabilities:
Notes payable	410,949	31,800	379,149	(I)
Stockholders' equity:
Common stock	118,000	19,000	99,000	(I)
Paid-in capital	1,093,300	0	1,093,300	(I)
Retained earnings	243,264	140,700	102,564	(I)
Treasury stock	(72,800)	0	(72,800)	(I)
Total liabilities and stockholders' equity	$1,863,143	$241,430

As you can tell from the financial statements, 2014 was an especially busy year. Tony and Suzie were able to use the $1.19 million received from the issuance of 99,000 shares of stock and 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.

6.

value: 10.00 points

Required:
1.	Calculate the following risk ratios for 2014. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place. Omit the "%" sign in your response.)

Receivable turnover ratio		times
Average collection period		days
Inventory turnover ratio		times
Average days in inventory		days
Current ratio		to 1
Acid-test ratio		to 1
Debt to equity ratio		%
Times interest earned ratio		times

check my workreferences

7.

value: 10.00 points

2.	Calculate the following profitability ratios for 2014. (Do not round intermediate calculations. Round your answers to 1 decimal place. Omit the "%" sign in your response.)

Gross profit ratio (on the MU watches)		%
Return on assets		%
Profit margin		%
Asset turnover		times
Return on equity		%