Ret The 2021 income statement of Adrian Express reports sales of $17,262,000, cost of goods sold of $10,624,000, and net income of $1,640,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 640,000 1,480,000 1,880,000 4,840,000 $8,840,000 $ 800,000 1,040,000 1,440,000 4,280,000 $7,560,000 $1,980,000 2,340,000 1,960,000 2,560,000 $8,840,000 $1,700,000 2,440,000 1,960,000 1,460,000 $7,560,000 Industry averages for the following four risk ratios are as Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2021. (Use 365 days in a year. Round your answers to 1 decimal place.) Total liabilities and stockholders' equity $8,840,000 $7,560,000 Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50% Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2021. (Use 365 days in a year. Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Risk Ratios Average collection period 26.6 Average days in inventory 57.0 days Current ratio 2.0 Debt to equity ratio 95.5 % days to 1