Required information [The following information applies to the questions displayed below.) Income statement and balance sheet data for Great Adventures, Inc., are provided below. $ 201,770 480 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses : Cost of goods sold $40,300 Operating expenses 73,360 Depreciation expense 19,050 Interest expense Income tax expense 16,300 Total expenses Net income 11,274 160, 284 $ 41,966 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 $ 334,394 50, 840 10,600 1,260 $ 64,860 0 0 5,940 860,000 890,000 99,080 (28,850) $2,217,324 0 0 58,000 (8,900) $119,900 Assets Current ts: Cash Accounts receivable Inventory Inven Othe 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) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $ 24,400 1,650 16,300 31,800 84,383 807,695 3,520 930 14,360 0 0 o 33,600 156,000 1,231,600 61,496 (198,000) $2,217, 324 32,240 0 35,250 0 $119,900 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. times b. days C. times 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. days to 1 to 1 f. g. % times h. 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. b. c. Gross profit ratio. (Hint: Use net sales revenues) Return on assets. Profit margin. (Hint: Use net sales revenues) Asset turnover. (Hint: Use net sales revenues) Return on equity. % % % times % d. e