Required Information Great Adventures Problem AP12-1 {The following information applies to the questions displayed below.} Income statement and balance sheet data for Great Adventures, Inc., are provided below. $189,230 369 GREAT ADVENTURES, INC. Income statement For the year ended December 31, 2922 Net sales revenues Interest revenue Expenses: Cost of goods sold $39, ee Operating expenses 66,840 Depreciation expense 13,458 Interest expense 9,777 Income tax expense 15,700 Total expenses Net income 149,667 $ 39,923 GREAT ADVENTURES, INC. Balance sheets December 31, 2022 and 2921 2222 2921 $ 64,746 $ 283, 118 49,760 9,400 1,140 5,469 9 746,660 868,888 86,720 (27,650) $2,682,488 52,eee (8,620 $113,699 Assets Current assets: 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 Income tax payable Other current liabilities Notes payable (current) Not es payable (long-term) stockholders' equity! Gomon stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ $ 3,220 870 14,240 23,280 1,350 15,78 28,280 72,259 697,086 32,400 28,160 144,660 1,122,480 69,293 (162,668) $2,002,488 34,658 $113,600 As you can tell from the financial statements, 2022 was an especially busy year. Tony and Suzle were able to use the money receved 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. Great Adventures Problem AP12-1 Part 1 Required: 1. Calculate the following risk ratios for 2022. (Use 365 days in a year. Round your Intermedlate calculations and final answers to 1 decimal place. times a. b. c. days times days d. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) Average collection period. Inventory turnover ratio. Average days in inventory. Current ratio. Acid-test ratio. (Hint: There are no current investments) Debt to equity ratio. Times interest earned ratio. e. to 1 f. to 1 g h. times