Required information [The following information applies to the questions displayed below.) Income statement and balance sheet data for Great Adventures, Inc., are provided below. $187,140 340 GREAT ADVENTURES, INC. Income Statement For the year ended December 31, 2022 Net sales revenues Interest revenue Expenses: Cost of goods sold $39,600 Operating expenses 64,820 Depreciation expense 18,350 Interest expense 9,528 Income tax expense 15,600 Total expenses Net income 147,898 $ 39,582 GREAT ADVENTURES, INC. Balance Sheets December 31, 2022 and 2021 2022 2021 $ 274,574 49,580 9,200 1, 120 $ 64,720 0 0 5,380 0 720,000 855,000 84,660 (27,450) $1,966,684 51,000 (8,550) $112,550 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 $ 23,000 1,300 15,600 27,600 70,239 678,653 $ 3,240 860 14,220 0 0 32,200 142,000 1,104,200 60,092 (156,000) $1,966,684 27,480 0 34,550 0 $112,550 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 Receivables turnover ratio. (Hint: Use net sales revenues for net credit sales) Average collection period. Inventory turnover ratio. Average days in inventory. C. times d. days e. Current ratio. to 1 f. to 1 Acid-test ratio. (Hint: There are no current investments) Debt to equity ratio. g. % h. Times interest earned 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. % d. Profit margin. (Hint: Use net sales revenues) Asset turnover. (Hint: Use net sales revenues) Return on equity. times e. %