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) 565,000 Sales revenue (MU watches) 136,000 Total revenues $701,000 Expenses: Cost of goods sold (MU watches) 68,300 Operating expenses 294,276 Depreciation expense 49,600 Interest expense 32,454 Income tax expense 55,300 Total expenses 499,930 Net income $201,070

GREAT ADVENTURES, INC. Balance Sheet December 31, 2014 and 2013 2014 2013 Increase (I) or Decrease (D) Assets Current assets: Cash $ 633,877 $145,940 487,937 (I) Accounts receivable 43,600 33,200 10,400 (I) Inventory 15,900 12,800 3,100 (I) Other current assets 12,300 9,000 3,300 (I) Long-term assets: Land 482,000 0 482,000 (I) Buildings 980,000 0 980,000 (I) Equipment 63,300 63,300 Less: Accumulated depreciation (75,050) (25,450) 49,600 (I) Total assets $2,155,927 $238,790 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 13,800 $ 9,600 4,200 (I) Interest payable 890 890 Income tax payable 57,600 38,000 19,600 (I) Long-term liabilities: Notes payable 549,267 31,400 517,867 (I) Stockholders' equity: Common stock 114,000 17,000 97,000 (I) Paid-in capital 1,276,000 0 1,276,000 (I) Retained earnings 233,670 141,900 91,770 (I) Treasury stock (89,300) 0 (89,300) (I) Total liabilities and stockholders' equity $2,155,927 $238,790

As you can tell from the financial statements, 2014 was an especially busy year. Tony and Suzie were able to use the $1.36 million received from the issuance of 97,000 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 information

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

References WorksheetDifficulty: Hard Check my work 7. value: 10.00 points Required information

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 %