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The 2018 income statement of Adrian Express reports sales of $14,706,000, cost of goods sold of $8,624,000, and net income of $1,560,000. Balance sheet information

The 2018 income statement of Adrian Express reports sales of $14,706,000, cost of goods sold of $8,624,000, and net income of $1,560,000. Balance sheet information is provided in the following table.

ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017
2018 2017
Assets
Current assets:
Cash $ 560,000 $ 720,000
Accounts receivable 1,320,000 960,000
Inventory 1,720,000 1,360,000
Long-term assets 4,760,000 4,200,000
Total assets $ 8,360,000 $ 7,240,000
Liabilities and Stockholders' Equity
Current liabilities $ 1,980,000 $ 1,620,000
Long-term liabilities 2,260,000 2,360,000
Common stock 1,920,000 1,920,000
Retained earnings 2,200,000 1,340,000
Total liabilities and stockholders' equity $ 8,360,000 $ 7,240,000

Industry averages for the following four risk ratios are as follows:

Average collection period 25 days
Average days in inventory 60 days
Current ratio 2 to 1
Debt to equity ratio 50%

Required:

1. Calculate the four risk ratios listed above for Adrian Express in 2018.

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