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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

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) $549,000
Sales revenue (MU watches) 124,000
Total revenues $673,000
Expenses:
Cost of goods sold (MU watches) 73,000
Operating expenses 304,576
Depreciation expense 53,000
Interest expense 30,024
Income tax expense 58,800
Total expenses 519,400
Net income $153,600
GREAT ADVENTURES, INC. Balance Sheets December 31, 2020 and 2019
2020 2019 Increase (I) or Decrease (D)
Assets
Current assets:
Cash $ 295,570 $ 141,000 154,570 (I)
Accounts receivable 49,500 38,000 11,500 (I)
Inventory 17,450 14,300 3,150 (I)
Other current assets 13,450 11,300 2,150 (I)
Long-term assets:
Land 550,000 0 550,000 (I)
Buildings 1,000,000 0 1,000,000 (I)
Equipment 68,000 68,000
Less: Accumulated depreciation (79,000) (26,000) 53,000 (I)
Total assets $ 1,914,970 $ 246,600
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $12,450 $9,300 3,150 (I)
Interest payable 780 780
Income tax payable 58,800 39,500 19,300 (I)
Long-term liabilities:
Notes payable 523,820 31,500 492,320 (I)
Stockholders' equity:
Common stock 120,000 20,000 100,000 (I)
Paid-in capital 1,105,000 0 1,105,000 (I)
Retained earnings 184,120 145,520 38,600 (I)
Treasury stock (90,000) 0 (90,000) (I)
Total liabilities and stockholders' equity $ 1,914,970 $ 246,600

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. (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal places.)

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