The Year 2 income statement of Company A reports sales of $15,960,000, cost of goods sold of $9,600,000, and net income of $1,600,000. Balance sheet information is provided in the following table. COMPANY A Balance Sheets December 31, Year 2 and Year 1 Year 2 Year 1 Assets Current assets: Cash $ 600,000 $ 760,000 Accounts receivable 1,400,000 1 1,000,000 Inventory 1,800,000 1,400,000 Long-term assets 4,800,000 4,240,000 Total assets $8,600,000 $7,400,000 Liabilities and Stockholders' Equity Current liabilities $2,020,000 $1,660,000 Long-term liabilities 2,300,000 2,400,000 Common stock 2,000,000 2,000,000 Retained earnings 2,280,000 1,340,000 Total liabilities and stockholders' equity $8,600,000 $7,400,000 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 Company A in Year 2. (Use 365 days in a year. Round your answers to 1 decimal place.) Risk Ratios Average collection period Average days in inventory Current ratio days days to 1 Debt to equity ratio % 2. Do you think the company is more risky or less risky than the industry average? More risky O Less risky