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The 2018 income statement of Adrian Express reports sales of $15,015,000, cost of goods sold of $8,863,500, and net income of $1,570,000. Balance sheet information

The 2018 income statement of Adrian Express reports sales of $15,015,000, cost of goods sold of $8,863,500, and net income of $1,570,000. Balance sheet information is provided in the following table.

ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017
2018 2017
Assets
Current assets:
Cash $ 570,000 $ 730,000
Accounts receivable 1,340,000 970,000
Inventory 1,740,000 1,370,000
Long-term assets 4,770,000 4,210,000
Total assets $ 8,420,000 $ 7,280,000
Liabilities and Stockholders' Equity
Current liabilities $ 1,990,000 $ 1,630,000
Long-term liabilities 2,270,000 2,370,000
Common stock 1,940,000 1,940,000
Retained earnings 2,220,000 1,340,000
Total liabilities and stockholders' equity $ 8,420,000 $ 7,280,000

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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