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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

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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 is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets: S 560,000 S 720,000 960,000 1,720,000 360,000 4,760,000 4,200,000 Accounts receivable 1,320,000 Long-term assets Total assets S 8,360,000 $7,240,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings S 1,980,000 S1,620,000 2,260,000 2,360,000 1,920,000 920,000 2,200,000 ,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 Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 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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