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 Interest revenue Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $185,050 320 $39,500 63,600 18,250 9,279 15,500 146,129 $ 39,241 Assets Current assets: Cash Accounts receivable Inventory Other current assets GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 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) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity 2022 2021 266,028 $ 64,700 49,400 9,000 1,100 5,300 700,000 o 850,000 82,600 50,000 (27,250) (8,500) $1,930,878 $111,500 $ 22,800 $ 3,200 1,250 850 15,500 14,200 27,000 0 68,219 660,218 32,000 140,000 26,800 1,086,000 0 59,891 (150,000) 34,450 0 $1,930,878 $111,500 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.) a. Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) times b. Average collection period. G Inventory turnover ratio. days times d. Average days in inventory. e. Current ratio. f Acid-test ratio. (Hint: There are no current investments) days to 1 to 1 g Debt to equity ratio. h. Times interest eamed ratio. % times: 2. Calculate the following profitability ratios for 2022. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) a. Gross profit ratio. (Hint: Use net sales revenues) % b. Return on assets. % C Profit margin. (Hint: Use net sales revenues) % d. Asset turnover. (Hint: Use net sales revenues) times 0. Return on equity. %