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The 2021 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12.250,000, and net income of $1,700,000. Balance sheet information

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The 2021 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12.250,000, and net income of $1,700,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2028 2821 2020 Assets Current assets: Cash Accounts receivable Inventory Long-term assets $ 700,000 1,600,000 2,000,000 4,900,000 $9,200,000 $7,800,e00 $ 860,000 1,100,000 1,s00,000 4,340,000 Total assets Liabilities and Stockholders' Equity Current liabilities $1,920,00e $1,760, e0e 2,400,000 1,900,000 2,980,000 $9,200,eee $7,88e, eee Long-tere liabilities Common stock 2,s00, 000 1,900,e0e 1,640,000 Retained earnings Total liabilities and stockholders' equity 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 2021. (Use 365 days in a year. Round your answers to 1 decimal place.) Risk Ratios days days Average collection period Average days in inventory to 1 Current ratio % Debt to equity ratio

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