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RWP 1 2 1 ( Algo ) Great Adventures Continuing Case Skip to question [ The following information applies to the questions displayed below. ]

RWP121(Algo) Great Adventures Continuing Case
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[The following information applies to the questions displayed below.]
Income statement and balance sheet data for Great Adventures, Incorporated, are provided below.
GREAT ADVENTURES, INCORPORATED
Income Statement
For the Year Ended December 31,2025
Net sales revenues $ 174,600
Interest revenue 220
Expenses:
Cost of goods sold $ 39,000
Operating expenses 57,500
Depreciation expense 17,750
Interest expense 8,032
Income tax expense 15,000
Total expenses 137,282
Net income $ 37,538
GREAT ADVENTURES, INCORPORATED
Balance Sheets
December 31,2025 and 2024
20252024
Assets
Current assets:
Cash $ 223,298 $ 64,600
Accounts receivable 48,5000
Inventory 8,0000
Other current assets 1,0004,900
Long-term assets:
Land 600,0000
Buildings 825,0000
Equipment 72,30045,000
Accumulated depreciation (26,250)(8,250)
Total assets $ 1,751,848 $ 106,250
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable $ 21,800 $ 3,000
Interest payable 1,000800
Income tax payable 15,00014,100
Other current liabilities 24,0000
Notes payable (current)58,1160
Notes payable (long-term)568,04431,000
Stockholders equity:
Common stock 130,00023,400
Paid-in capital 995,0000
Retained earnings 58,88833,950
Treasury stock (120,000)0
Total liabilities and stockholders equity $ 1,751,848 $ 106,250
As you can tell from the financial statements, 2025 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.
RWP121(Algo) Great Adventures Continuing Case Part 1
Required:
1. Calculate the following risk ratios for 2025.(Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)

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