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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

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 $ 199,680
Interest revenue 460
Expenses:
Cost of goods sold $ 40,200
Operating expenses 72,140
Depreciation expense 18,950
Interest expense 11,024
Income tax expense 16,200
Total expenses 158,514
Net income $ 41,626

GREAT ADVENTURES, INCORPORATED
Balance Sheets
December 31, 2025 and 2024
2025 2024
Assets
Current assets:
Cash $ 325,848 $ 64,840
Accounts receivable 50,660 0
Inventory 10,400 0
Other current assets 1,240 5,860
Long-term assets:
Land 840,000 0
Buildings 885,000 0
Equipment 97,020 57,000
Accumulated depreciation (28,650) (8,850)
Total assets $ 2,181,518 $ 118,850
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable $ 24,200 $ 3,480
Interest payable 1,600 920
Income tax payable 16,200 14,340
Other current liabilities 31,200 0
Notes payable (current) 82,363 0
Notes payable (long-term) 789,259 33,400
Stockholders equity:
Common stock 154,000 31,560
Paid-in capital 1,213,400 0
Retained earnings 61,296 35,150
Treasury stock (192,000) 0
Total liabilities and stockholders equity $ 2,181,518 $ 118,850

As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received 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.

Required:

1. Calculate the following risk ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)

I just need E) F) and G) answered. All the other ones are correct

image text in transcribed

\begin{tabular}{|l|r|l|} \hline a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales.) & 7.9 & times \\ \hline b. Average collection period. & 46.2 & days \\ \hline c. Inventory turnover ratio. & 7.7 & times \\ \hline d. Average days in inventory. & 47.4 & days \\ \hline e. Current ratio. & & \\ \hline f. Acid-test ratio. (Hint: There are no current investments.) & & \\ \hline g. Debt to equity ratio. & % \\ \hline h. Times interest earned ratio. & 6.2 & times \\ \hline \end{tabular}

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