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The 2021 income statement of Adrian Express reports sales of $13,500,000, cost of goods sold of $7,696,000, and net income of $1,520,000. Balance sheet Information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets! Canh 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 $ 520,000 1,240,000 1,640,000 4,720,000 $8,120,000 $ 680,000 920,000 1,320,000 4,160,000 $7,080,000 $1,940,000 $1,580,000 2,250,000 2,320,000 1,840,000 1,840,000 2,090,000 1,340,000 $8,120,000 $7,000,000 Industry averages for the following four risk ratios are as follows: Average collection period Average days in inventory Current ratio Debt to equity ratio 25 days 60 days 2 to 1 50$ Required: 1. Calculate the four risk ratios listed above for Adrian Express in 2021. (Use 365 days in a year. Round your answers to 1 decimal 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 Current ratio Debt to equity ratio days days to 1 %

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