Income statement and balance sheet data for Great Adventures, Inc., are provided below. GREAT ADVENTURES, INC.
Income Statement For the Year Ended December 31, 2020
Revenues:
Service revenue (clinic, racing, TEAM) $563,000
Sales revenue (MU watches) 138,000
Total revenues $701,000
Expenses:
Cost of goods sold (MU watches) 80,000
Operating expenses 305,276
Depreciation expense 60,000
Interest expense 30,724
Income tax expense 63,000
Total expenses 539,000
Net income $162,000
Calculate the following risk ratios for 2014. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place. Omit the "%" sign in your response.)
Receivable turnover ratio times
Average collection period days
Inventory turnover ratio times
Average days in inventory days
Current ratio to 1
Acid-test ratio to 1
Debt to equity ratio %
Times interest earned ratio times
check my workreferences
7.
value:
10.00 points