The 2024 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $1,700,000. Balance sheet information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash $700,000 $860,000 Accounts receivable 1,600,000 1,100,000 Inventory 2,000,000 1,500,000 Long-term assets 4,900,000 4,340,000 Total assets $9,200,000 $7,800,000 Liabilities and Stockholders' Equity Current liabilities $1,920,000 $1,760,000 Long-term liabilities 2,400,000 2,500,000 Common stock 1,900,000 1,900,000 Retained earnings 2,980,000 1,640,000 Total liabilities and stockholders' equity $9,200,000 $7,800,000 Industry averages for the following table

Balance Sheets
December 31, 2024 and 2023
	2024	2023
Assets
Current assets:
Cash	$700,000	$860,000
Accounts receivable	1,600,000	1,100,000
Inventory	2,000,000	1,500,000
Long-term assets	4,900,000	4,340,000
Total assets	$9,200,000	$7,800,000
Liabilities and Stockholders' Equity
Current liabilities	$1,920,000	$1,760,000
Long-term liabilities	2,400,000	2,500,000
Common stock	1,900,000	1,900,000
Retained earnings	2,980,000	1,640,000
Total liabilities and stockholders' equity	$9,200,000	$7,800,000

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 2024. 2. Do you think the company is more risky or less risky than the industry average?