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The 2018 income statement of Adrian Express reports sales of $12,915,000, cost of goods sold of $7,250,000, and net income of $1,500,000. Balance sheet information

The 2018 income statement of Adrian Express reports sales of $12,915,000, cost of goods sold of $7,250,000, and net income of $1,500,000. Balance sheet information is provided in the following table.

ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017
2018 2017
Assets
Current assets:
Cash $ 500,000 $ 660,000
Accounts receivable 1,200,000 900,000
Inventory 1,600,000 1,300,000
Long-term assets 4,700,000 4,140,000
Total assets $ 8,000,000 $ 7,000,000
Liabilities and Stockholders' Equity
Current liabilities $ 1,920,000 $ 1,560,000
Long-term liabilities 2,290,000 2,300,000
Common stock 1,800,000 1,800,000
Retained earnings 1,990,000 1,340,000
Total liabilities and stockholders' equity $ 8,000,000 $ 7,000,000

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: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 to 1
Debt to equity ratio %

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