Income statement and balance sheet data for Great Adventures, Incorporated, are provided below.

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.

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.)

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} GREAT ADVENTURES, INCORPORATED \\ Income Statement \end{tabular}} \\ \hline Net sales revenues & & $164,150 \\ \hline Interest revenue & & 120 \\ \hline \multicolumn{3}{|l|}{ Expenses: } \\ \hline Cost of goods sold & $38,500 & \\ \hline Operating expenses & 51,400 & \\ \hline Depreciation expense & 17,250 & \\ \hline Interest expense & 6,785 & \\ \hline Income tax expense & 14,500 & \\ \hline Total expenses & & 128,435 \\ \hline Net income & & $35,835 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} GREAT ADVENTURES, INCORPORATEL \\ Balance Sheets \\ December 31,2025 and 2024 \end{tabular} & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets: } \\ \hline Cash & $180,568 & $64,500 \\ \hline Accounts receivable & 47,600 & 0 \\ \hline Inventory & 7,000 & 0 \\ \hline Other current assets & 900 & 4,500 \\ \hline \multicolumn{3}{|l|}{ Long-term assets: } \\ \hline Land & 500,000 & 0 \\ \hline Buildings & 800,000 & 0 \\ \hline Equipment & 62,000 & 40,000 \\ \hline Accumulated depreciation & (25,250) & (8,000) \\ \hline Total assets & $1,572,818 & $101,000 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $20,800 & $2,800 \\ \hline Interest payable & 750 & 750 \\ \hline Income tax payable & 14,500 & 14,000 \\ \hline Other current liabilities & 21,000 & 0 \\ \hline Notes payable (current) & 48,014 & 0 \\ \hline Notes payable (long-term) & 475,869 & 30,000 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity: } \\ \hline Common stock & 120,000 & 20,000 \\ \hline Paid-in capital & 904,000 & 0 \\ \hline Retained earnings & 57,885 & 33,450 \\ \hline Treasury stock & (90,000) & 0 \\ \hline Total liabilities and stockholders' equity & $1,572,818 & $101,000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales.) & & times \\ \hline b. Average collection period. & & days \\ \hline c. Inventory turnover ratio. & times \\ \hline d. Average days in inventory. & days \\ \hline e. Current ratio. & & \\ \hline f. Acid-test ratio. (Hint: There are no current investments.) & & times \\ \hline g. Debt to equity ratio. & & \\ \hline h. Times interest earned ratio. & & \\ \hline \end{tabular}