Required information [The following information applies to the questions displayed below.) Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues $ 166,240 Interest revenue 140 Expenses: Cost of goods sold $38,600 Operating expenses 52,620 Depreciation expense 17,350 Interest expense 7,034 Income tax expense 14,600 Total expenses 130,204 Net income $ 36,176 2021 $ 64,520 4,58 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 Assets Current assets: Cash $ 189, 114 Accounts receivable 47,780 Inventory 7,200 Other current assets 920 Long-term assets: Land 520,000 Buildings 805,000 Equipment 64.068 Accumulated depreciation (25,45%) Total assets $1,688,624 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 21,000 Interest payable 800 Income tax payable 14,600 Other current liabilities 21,600 Notes payable (current) 50,034 Notes payable (long-term) 494,384 Stockholders' equity: Common stock 122,000 Paid-in capital 922,200 Retained earnings 58,086 Treasury stock (96,000) Total liabilities and stockholders' equity $1,608,624 41,000 (8,050) $102,050 $ 2,840 760 14,020 30, 200 20,680 33,550 $102,050 As you can tell from the financial statements, 2022 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 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) times b. A days 10.7 l times Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) Average collection period. C. Inventory turnover ratio. d. Average days in inventory. e. Current ratio. f. Acid-test ratio. (Hint: There are no current investments) 9. Debt to equity ratio h. Times interest earned ratio. days 2.3 to 1 to 1 59.9% times