The 2024 income statement of Adrian Express reports sales of $16,281,000, cost of goods sold of $9,851,500, and net income of $1,610,000 Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets, December 31, 2024 and 2023 2024 2823 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 Industry averages for the following four risk ratios are as follows Average collection period Average days in inventory Current ratio 25 days 60 days 2 to 1 50% $610,000 $770,000 1,420,000 1,010,000 1,820,000 1,410,000 4,810,000 4,250,000 $8,660,000 $7,440,000 $2,010,000 $1,670,000 2,310,000 2,410,000 1,990,000 1,990,000 2,350,000 $8,660,000 1,370,000 $7,440,000 Debt to equity ratio Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the industry average? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the four risk ratios listed above for Adrian Express in 2024, (Use 365 days in a year. Round your answers to 1 decimal place. Do not round your intermediate calculations.) Risk Ratios Average collection period Average days in inventory Current ratio Debt to equity ratio days days % 3 Requint Required 2 > The 2024 income statement of Adrian Express reports sales of $16,281,000, cost of goods sold of $9.851,500, and net income of $1,610,000 Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets Assets Current assets: Cash Accounts receivable. Inventory Long-term assets Total assets December 31, 2024 and 2023 2024 2023 $610,000 $770,000 1,420,000 1,010,000 1,820,000 1,410,000 4,810,000 4,250,000 $8,660,000 $7,440,000 $2,010,000 $1,670,000 2,310,000 2,410,000 1,990,000 1,990,000 2,350,000 1,370,000 $8,660,000 $7,440,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings 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 50% Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2024. 2. Do you think the company is more risky or less risky than the industry average? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Do you think the company is more risky or less risky than the industry average? Do you think the company is more risky or less risky than the industry average? < Required 1 Reguled 2