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The 2021 income statement of Adrian Express reports sales of $17,262,000, cost of goods sold of $10,624.000, and net income of $1640.000. Balance sheet information

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The 2021 income statement of Adrian Express reports sales of $17,262,000, cost of goods sold of $10,624.000, and net income of $1640.000. Balance sheet information is provided in the following table, 2821 2020 ADRIAN EXPRESS Balance Sheets cember 31, 2001 and 2070 Assets Current assets Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings $ 640,00 $ 300, 1,450,000 1,010, 1,880,000 1,410,000 4,110,000 4,280,000 $8,840,000 $7,560,000 $1,980,000 $1,700,000 2,20,000 2,440,000 1,960,000 1,960,000 2.560,000 1,460, $8,840,000 $7,560,000 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 set 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 Average collection period Average days in inventory Current ratio Debt to equity ratio 15 2 days days to 1 58

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