Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Net sales revenues Interest revenue Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $ 38,500 51,400 17,250 6,785 14,500 $ 164,150 120 128,435 $ 35,835 Assets Current assets: GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $ 180,568 47,600 7,000 $ 64,500 0 900 4,500 500,000 0 40,000 800,000 62,000 (25,250) $ 1,572,818 (8,000) $ 101,000 $ 20,800 750 $ 2,800 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 14,500 750 14,000 21,000 48,014 0 475,869 30,000 120,000 20,000 904,000 0 57,885 33,450 (90,000) 0 $ 1,572,818 $ 101,000 a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales.) b. Average collection period. c. Inventory turnover ratio. 3.4 times 107.4 days 9.1 times d. Average days in inventory. e. Current ratio. f. Acid-test ratio. (Hint: There are no current investments.) g. Debt to equity ratio. h. Times interest earned ratio. 40.1 days 1.8 1.8 % times 2. Calculate the following profitability ratios for 2025. (Use 365 days in a year. final answers to 1 decimal place.) a. Gross profit ratio. (Hint: Use net sales revenues.) % b. Return on assets. % c. Profit margin. (Hint: Use net sales revenues.) % d. Asset turnover. (Hint: Use net sales revenues.) times e. Return on equity. %