The 2012 income statement of Adrian Express reports sales of $28 million, cost o
ID: 2472168 • Letter: T
Question
The 2012 income statement of Adrian Express reports sales of $28 million, cost of goods sold of $16.8 million, and net income of $3.3 million. Balance sheet information is provided in the following table. All amounts are in thousands.
Calculate the four risk ratios listed above for Adrian Express in 2012. (Use 365 days in a year. Round your answers to 1 decimal place. Omit the "%" sign in your response.)
The 2012 income statement of Adrian Express reports sales of $28 million, cost of goods sold of $16.8 million, and net income of $3.3 million. Balance sheet information is provided in the following table. All amounts are in thousands.
Explanation / Answer
Average collection period 25.2 Average days in inventory 40.7142857 Current ratio 1.825 Debt to equity ratio 55.28%
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