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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 Ratios Average collection period Average days in inventory 25.0 days days Current ratio to 1 Debt to equity ratio % 2. Do you think the company is more risky or less risky than the industry average? More risky Less risky 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 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 $ 530,000 $ 690,000 1,260,000 930,000 1,660,000 1,330,000 4,730,000 4,170,000 $8,180,000 $7,120,000 $1,950,000 2,230,000 1,860,000 2,140,000 $8, 180,000 $1,590,000 2,330,000 1,860,000 1,340,000 $7, 120,000 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%