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please explain step by step. I've tried solving it but the decimals are wrong The 2024 income statement of Adrian Express reports sales of $15,960.000,
please explain step by step. I've tried solving it but the decimals are wrong
The 2024 income statement of Adrian Express reports sales of $15,960.000, cost of goods sold of $9.600.000, and net income of $1,600,000. Balance sheet information is provided in the following table. Industry averages for the following four risk ratios are as follows: Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the industry average? Total liabilities and stockholders' equity 38,600,0003/,400,000 Industry averages for the following four risk ratios are as follows: Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the industry average? Complete this question by entering your answers in the tabs below. Calculate the four risk ratios listed above for Adrian Express in 2024 . (Use 305 days in a year. Round your answers to 1 decimal place. Do not round your intermediate calculations.) Step by Step Solution
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