The 2021 Income statement of Adrian Express reports sales of $18.957,000, cost of goods sold of $11.971,500, and net income or $1,690,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 Assets Current assets: Cash Accounts receivable Inventory Long term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Coton stock Retained earnings Total liabilities and stockholders' equity $ 690,eee $50,000 1,550,000 1,090,ce 1.90, e 1,490,000 4,230,000 59,140,000 $7,700,000 $1,980, 51,750,cee 2,390,00 2,490,000 1,919, eee 1,910,000 1,610, 59,160,57,760,000 Industry averages for the following four nisk 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 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 days days 2. Do you think the company is more risky or less risky than the industry average? More sky Less risky The 2021 Income statement of Adrian Express reports sales of $18.957,000, cost of goods sold of $11.971,500, and net income or $1,690,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 Assets Current assets: Cash Accounts receivable Inventory Long term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Coton stock Retained earnings Total liabilities and stockholders' equity $ 690,eee $50,000 1,550,000 1,090,ce 1.90, e 1,490,000 4,230,000 59,140,000 $7,700,000 $1,980, 51,750,cee 2,390,00 2,490,000 1,919, eee 1,910,000 1,610, 59,160,57,760,000 Industry averages for the following four nisk 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 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 days days 2. Do you think the company is more risky or less risky than the industry average? More sky Less risky