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The 2 0 2 4 income statement of Adrian Express reports sales of $ 1 6 , 6 0 5 , 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.
ADRIAN EXPRESS
Balance Sheets
December and
Assets
Current assets:
Cash $ $
Accounts receivable
Inventory
Longterm assets
Total assets $ $
Liabilities and Stockholders' Equity
Current liabilities $ $
Longterm liabilities
Common stock
Retained earnings
Total liabilities and stockholders' equity $ $
Industry averages for the following four risk ratios are as follows:
Average collection period days
Average days in inventory days
Current ratio to
Debt to equity ratio
Required:
Calculate the four risk ratios listed above for Adrian Express in
Do you think the company is more risky or less risky than the industry average?
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