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The 2024 income statement of Adrian Express reports sales of $15,015,000, cost of goods sold of $8,863,500, and net income of $1,570,000. Balance sheet information
The 2024 income statement of Adrian Express reports sales of $15,015,000, cost of goods sold of $8,863,500, and net income of $1,570,000. Balance sheet information is provided in the following table. Industry averages for the following four risk ratios are as follows: 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. 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.)
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