The 2021 income statement of Adrian Express reports sales of $13,797,000, cost of goods sold of $7,923,500, and net income of $1,530,000. Balance sheet information is provided in the following table.

ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020
	2021				2020
Assets
Current assets:
Cash	$	530,000			$	690,000
Accounts receivable		1,260,000				930,000
Inventory		1,660,000				1,330,000
Long-term assets		4,730,000				4,170,000
Total assets	$	8,180,000			$	7,120,000
Liabilities and Stockholders' Equity
Current liabilities	$	1,950,000			$	1,590,000
Long-term liabilities		2,230,000				2,330,000
Common stock		1,860,000				1,860,000
Retained earnings		2,140,000				1,340,000
Total liabilities and stockholders' equity	$	8,180,000			$	7,120,000

Industry averages for the following four risk ratios are as follows:

Average collection period	25 days
Average days in inventory	60 days
Current ratio	2 to 1
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 Rations

Average collection period:

Average days in inventory:

Current ratio:

Debt to equity ratio:

2. Do you think the company is more risky or less risky than the industry average?

multiple choice

• More risky

• Less risky