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The 2015 income statement of Adrian Express reports sales of $17,931,000, cost of goods sold of $11,154,000, and net income of $1,660,000. Balance sheet information
The 2015 income statement of Adrian Express reports sales of $17,931,000, cost of goods sold of $11,154,000, and net income of $1,660,000. Balance sheet information is provided in the following table. Industry averages for the following four risk ratios are as follows: Calculate the four risk ratios listed above for Adrian Express in 2015. (Use 365 days in a year. Round your answers to 1 decimal place.)
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