The 2024 income statement of Adrian Express reports sales of $17,595,000, cost of goods sold...

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The 2024 income statement of Adrian Express reports sales of $17,595,000, cost of goods sold of $10,887,500, and net income of $1,650,000. Balance sheet information is provided in the following table. Industry averages for the following four ratios are as follows: Required: 1. Calculate the four ratios listed above for Adran Express in 2024 assuming all sales are on credit and current Habilities consist of occounts poyoble and solaries payable. 2. Do you thinic the company is more or less efficient at managing its current assets than the industry average? 3. Do you think the company is more risky or less risky than the industry average? 1. Celculate the four ratios listed above for Adrian Express in 2024 assuming all sales are on credit and current liabilities consist of accounts payable and salaries payable. Note: Use 365 days in a year. Round your answers to 1 decimal place: Do not round your intermediate calculations. 2. Do you think the company is more or less efficient at managing its current assets than the industry average? 3. Do you think the company is more risky or less risky than the industry averoge? 2. Bo you think the company ia more oc less efficient at managing ith curretit assets than the indusiry avgrage? 3. Do you tilak the company ia mone tiaky of less risky than the industry average

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