Income statement and balance sheet data for Great Adventures, Inc., are provided below. $ 201,770 489 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2822 Net sales revenues Interest revenue Expenses: Cost of goods sold 540,300 Operating expenses 73,360 Depreciation expense 19.se Interest expense 11,274 Income tax expense 16,300 Total expenses Net income $41.964 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 $ $64.860 Assets Current assets: Casi Accounts receivable Inventory Other current assets Long-term assets: 334.394 5e, B4e 10.600 1,260 5,940 86e, see 89e. Be 99,880 (28.85) $2.217.324 5 8,888 (8.990) $119.999 $ 3.520 930 14.36e Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 24.400 1.650 16.30 31. Bee 84,383 897,695 33,620 32,240 156,622 1.231.680 61,496 (198,829) $2,217,324 35,25e $119,900 As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzle were able to use the money receved from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. Great Adventures Problem AP12-1 Part 1 Required: 1. Calculate the following risk ratlos for 2022. (Use 365 days in a year. Round your Intermediate calculations and final answers to 1 decimal place.) times a. b. c. d. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) Average collection period Inventory turnover ratio. Average days in inventory Current ratio days times days to 1 f. g. Acid-test ratio. (Hint: There are no current investments) Debt to equity ratio. Times interest earned ratio