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The 2 0 2 4 income statement of Adrian Express reports sales of $ 1 6 , 2 8 1 , 0 0 0 ,

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The 2024 income statement of Adrian Express reports sales of $16,281,000, cost of goods sold of $9,851,500, and net income of $1,610,000. Balance sheet information is provided in the following table.
Industry averages for the following four ratios are as follows:
\table[[Average collection period,27 days],[Average days in inventory,67 days],[Current ratio,2 to 1],[Debt to equity ratio,35%
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