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The 2021 Income statement of Adrian Express reports sales of $16,932,000, cost of goods sold of $10,363,500, and net income of $1,630,000. Balance sheet information

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The 2021 Income statement of Adrian Express reports sales of $16,932,000, cost of goods sold of $10,363,500, and net income of $1,630,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 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 Total liabilities and stockholders' equity $ 630,000 1,460,000 1,860,000 4,830,000 $8,780,000 $ 790,000 1,030,000 1,430,000 4,270,000 $7,520,000 $1,990,000 $1,690,000 2,330,000 2,430,000 1,970,000 1,970,000 2,490,000 1,430,000 $8,780,000 $7,520,000 Industry averages for the following four risk ratios are as follows: 25 days 60 days Average collection period Average days in inventory Current rat Debt to equity ratio 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 Average collection period Average days in inventory Current ratio Debt to equity ratio days days to 1 %

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