Exercise 12-5A Evaluate risk ratios (LO12-3) The 2021 income statement of Adrian Express reports sales...
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Exercise 12-5A Evaluate risk ratios (LO12-3) The 2021 income statement of Adrian Express reports sales of $14,400,000, cost of goods sold of $8,387,500, and net income of $1,550,000. Balance sheet information is provided in the following table. Industry averages for the following four risk ratios are as follows: 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.) 2. Do you think the company is more risky or less risky than the industry average? More risky Less risky
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