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The 2018 inoome statement of Adrian Express reports sales of $14,097,000, cost of goods sold of $8,154,000, and net income of $1,540,000. Balance sheet information

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The 2018 inoome statement of Adrian Express reports sales of $14,097,000, cost of goods sold of $8,154,000, and net income of $1,540,000. Balance sheet information is provided in the following table ADRIAN EXPRESS Balance Sheets December 31. 2018 and 2017 2018 2017 Current assets Cash Accounts receivable Inventory 540,000 700,000 940,000 1,680,000 340,000 4,740,000 4,180,000 1,280,000 Long-term assets Total assets $ 8,240,000 $7,160,000 Liabilities and Stockholders" Equity Current lablities Long-term liabilties Common stock Retained eamings $ 1,960,000 $1,600,000 2,240,000 2,340,000 1880,000 2,160,000 1340,000 1,880,000 Total Sablities and stockholders equity $8,240,000 $7,160,000 Industry averages for the following four risk ratios are as follows Average collection period 25 days 60 days 2 to 1 50% Average days in inventory Current ratio Debt to equny ratio 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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