! Required information [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. Net sales revenues Interest revenue Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income. $ 38,500 51,400 17,250 6,785 14,500 $164,150 120 128,435 $ 35,835 Assets Current assets: Cash GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2025 2024 Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 180,568 47,600 7,000 900 $ 64,500 4,500 500,000 800,000 0 62,000 (25,250) $ 1,572,818 40,000 (8,000) $ 101,000 Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 14,500 21,000 $ 20,800 750 $ 2,800 750 14,000 0 48,014 0 475,869 30,000 120,000 20,000 904,000 0 57,885 33,450 (90,000) 0 $ 1,572,818 $ 101,000 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 intermediat 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 days d. Average days in inventory e. Current ratio. f Acid-test ratio. (Hint: There are no current investments.) g. Debt to equity ratio. h. Times interest earned ratio. % times