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 $ $189,230$

Interest revenue $360$

Expenses:

Cost of goods sold $ $39,700$

Operating expenses $66,040$

Depreciation expense $18,450$

Interest expense $9,777$

Income tax expense $15,700$

Total expenses $149,667$

Net income $ $39,923$

GREAT ADVENTURES, INCORPORATED

Balance Sheets

December $31,2025$ and $2024$

$20252024$

Assets

Current assets:

Cash $ $283,118$ $ $64,740$

Accounts receivable $49,7600$

Inventory $9,4000$

Other current assets $1,1405,460$

Long$-$term assets:

Land $740,0000$

Buildings $860,0000$

Equipment $86,72052,000$

Accumulated depreciation $(27,650)(8,600)$

Total assets $ $2,002,488$ $ $113,600$

Liabilities and Stockholders$$ Equity

Current liabilities:

Accounts payable $ $23,200$ $ $3,280$

Interest payable $1,350870$

Income tax payable $15,70014,240$

Other current liabilities $28,2000$

Notes payable $($current$)72,2590$

Notes payable $($long$-$term$)697,08632,400$

Stockholders$$ equity:

Common stock $144,00028,160$

Paid$-$in capital $1,122,4000$

Retained earnings $60,29334,650$

Treasury stock $(162,000)0$

Total liabilities and stockholders$$ equity $ $2,002,488$ $ $113,600$

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.$)$ a$.$ Receivables turnover ratio. $($Hint: Use net sales revenues for net credit sales.$)$ times

b$.$ Average collection period days

c$.$ Inventory turnover ratio. times

d$.$ Average days in inventory. days

e$.$ Current ratio.

f$.$ Acid$-$test ratio. $($Hint: There are no current investments.$)$

Debt to equity ratio. $\%$

h$.$ Times interest earned ratio.

$2.$ Calculate the following profitability ratios for $2025.($Use $365$ days in a year. Round your intermediate calculations and 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.$)2\%$

d$.$ Asset turnover. $($Hint: Use net sales revenues.$)$

times

e$.$ Return on equity