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The 2018 incomE statement f Adrian Express reports sales of $18,270,000, cost of goods sold of $11,423,500, and net income of $1,670,000. Balance sheet information

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The 2018 incomE statement f Adrian Express reports sales of $18,270,000, cost of goods sold of $11,423,500, and net income of $1,670,000. Balance sheet information is provided in the following table ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017 2018 2017 Current assets $ 830.000 Cash 670,000 1,540,000 Accounts receivable 1.070.000 massets A 310 000 Lo 4 870 000 9,020,000 $7,680,000 Total assets Liabilities and Stockholders' Equity Current liabilities $ 1,950,000 $1,730,000 ities Cammon stock 1930 000 1930 000 Retained earnings 2,770,000 1,550,000 Total liabilities and stockholders' equity $9,020,000 S7,680,000 Industry averages for the following four risk ratios are as follows: ge colleCtIon ponod inventory 60 day Current ratio 2 to 1 equity ratio 50% Debl 1. Calculate the four risk ratios listed above for Adrian Express in 2018. (Use 365 days in a year. Round your answers to 1 decimal place.) Risk Ratios Average collection period days Average days in inventory days Current ratio Debt to 1 equity ratio

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