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The 2018 income statement of Adrian Express reports sales of $18,612,000, cost of goods sold of $11,696,000, and net income of $1,680,000. Balance sheet information

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The 2018 income statement of Adrian Express reports sales of $18,612,000, cost of goods sold of $11,696,000, and net income of $1,680,000. Balance sheet information is provided in the following table ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets: Cash Accounts receivable Inventory $ 680,000 840,000 1,560,000 1,080,000 1,480,000 4,880,000 4,320,000 1,960,000 assets Total assets $9.080,000 $7,720,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings $1,940,000 $1,740,000 2,380,000 2,480,000 1,920,000 ,920,000 2,840,000 ,580,000 Total liabilities and stockholders' equity $9,080,000 7,720,000 Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 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.) Risk Ratios Average collection period Average days in inventory Current ratio Debt to equity ratio days days to 1

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