Required Information [The following information applies to the questions displayed below) Income statement and balance sheet data for Great Adventures, Inc., are provided below. $182,96e GREAT ADVENTURES, INC. Income statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $39.409 Operating expenses 62,380 Depreciation expense 18.15e Interest expense 9,829 Income tax expense 15, 4ee Total expenses Net income 144,359 $ 38,9e1 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 5 252,82 $ 64,652 1. te 680,cae 5. 0 se, 5449.ee esere 1.895,072 Sile.45e Assets Current assets: Cash Accounts receivable Inventory 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 22, cee $ 3, 160 1,200 940 15.420 14,132 26. 400 69,193 641,78331,50 133.000 26,120 1,267,5 59.59134.352 124.ee $1,695, 0735118,50 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 Oy one and begin construction of cabins, aining fortes ropes course, and the outdoor swimming pool. They even un baby pool to celebrate the birth of the first chic 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 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 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) Return on assets Profit margin. Hint: Use net sales revenues) Asset turnover (Hint Use net sales revenues) Return on equity