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The 2018 income statement of Adrian Express reports sales of $17,262,000, cost of goods sold of $10,624,000, and net income of $1,640,000. Balance sheet information

The 2018 income statement of Adrian Express reports sales of $17,262,000, cost of goods sold of $10,624,000, and net income of $1,640,000. Balance sheet information is provided in the following table.

ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017
2018 2017
Assets
Current assets:
Cash $ 640,000 $ 800,000
Accounts receivable 1,480,000 1,040,000
Inventory 1,880,000 1,440,000
Long-term assets 4,840,000 4,280,000
Total assets $ 8,840,000 $ 7,560,000
Liabilities and Stockholders' Equity
Current liabilities $ 1,980,000 $ 1,700,000
Long-term liabilities 2,340,000 2,440,000
Common stock 1,960,000 1,960,000
Retained earnings 2,560,000 1,460,000
Total liabilities and stockholders' equity $ 8,840,000 $ 7,560,000

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. (Use 365 days in a year. Round your answers to 1 decimal place.)

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