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The 2 0 2 4 income statement of Adrian Express reports sales of $ 1 4 , 7 0 6 , 0 0 0 ,
The income statement of Adrian Express reports sales of $ cost of goods sold of $ and net income of
$ Balance sheet information is provided in the following table.
Industry averages for the following four ratios are as follows:
Required:
Calculate the four ratios listed above for Adrian Express in assuming all sales are on credit and current liabilities consist of
accounts payable and salaries payable.
Do you think the company is more or less efficient at managing its current assets than the industry average?
Do you think the company is more risky or less risky than the industry average?
Complete this question by entering your answers in the tabs below.
Average collection period days
Sverage days in inventory days
Curfent ratio to
Debt to equity ratio
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