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Required information Skip to question [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are
Required information Skip to question [The following information applies to the questions displayed below.] 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 $ 197,590 Interest revenue 440 Expenses: Cost of goods sold $ 40,100 Operating expenses 70,920 Depreciation expense 18,850 Interest expense 10,775 Income tax expense 16,100 Total expenses 156,745 Net income $ 41,285 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Assets Current assets: Cash $ 317,302 $ 64,820 Accounts receivable 50,480 0 Inventory 10,200 0 Other current assets 1,220 5,780 Long-term assets: Land 820,000 0 Buildings 880,000 0 Equipment 94,960 56,000 Accumulated depreciation (28,450) (8,800) Total assets $ 2,145,712 $ 117,800 Liabilities and Stockholders Equity Current liabilities: Accounts payable $ 24,000 $ 3,440 Interest payable 1,550 910 Income tax payable 16,100 14,320 Other current liabilities 30,600 0 Notes payable (current) 80,342 0 Notes payable (long-term) 770,825 33,200 Stockholders equity: Common stock 152,000 30,880 Paid-in capital 1,195,200 0 Retained earnings 61,095 35,050 Treasury stock (186,000) 0 Total liabilities and stockholders equity $ 2,145,712 $ 117,800 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.)
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