The 2021 income statement of Adrian Express reports sales of $13,206,000, cost of goods sold of $7471,500, and net income of $1.510,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2828 Assets Current assets! Cash $ 510,000 $ 670,000 Accounts receivable 1,220,000 910,000 Inventory 1,628,000 1,310,000 Long-term assets 4,710,800 4,150,000 Total assets $8,860,000 $7,040, 880 Liabilities and Stockholders' Equity Current liabilities $1,930,000 $1,570,000 Long-term liabilities 2,270,000 2,310,000 Common stock 1,820,000 1,820,000 Retained earnings 2,840,000 1,340, een Total liabilities and stockholders' equity $8,860,000 $7,040,000 Industry averages for the following four risk ratios are as follows: 25 days Average collection period Average days in Inventory Current ratio Debt to equity ratio 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.) $8,060,000 $7,840,000 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $1,930,000 $1,570,000 2,270,000 2,310,980 1,820,000 1,820,00 2,040,000 1,340,880 $8,060,000 $7,040,888 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 1 509 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.) Answer is complete but not entirely correct. Risk Ratios Average collection period 29.6 days Average days in inventory 71.6 days Current ratio 1.7 to 1 Debt to equity ratio 58.8%