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f2 Required Information RWP12-1 (Algo) Great Adventures Continuing Case (The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. Net sales revenues Interest revenue Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Not income $ 40,000 $ 195,500 420 69,700 18.750 10.526 16,000 154,976 $ 40.944 ences C raw GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2825 2024 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $308,756 $ 64,800 50,300 10,000 1,200 800,000 875,000 5,700 B $5,000 (8,750) 92,900 (28,250) $ 2,109,906 $23,880 1,500 $116,750 $3,400 900 14,300 16,000 30,000 78,321 752,391 33,000 150,000 30,200 1,177,000 B 34.958 $ 2.109,906 $ 116,750 60,894 (180,000) As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities. ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. RWP12-1 (Algo) Great Adventures Continuing Case Part 1 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days In a year. Round your Intermediate calculations and final answers to 1 decimal place.) a. Receivables tumover ratio. (Hint Use net sales revenues for net credit sales.) b. Average collection period c. Inventory turnover ratio. Average days in inventory e. Current ratio Acid-test ratio. (Hint There are no current investments.) g. Debt to equay ratio h. Tunes interest eamed ratio. times науч limes dayti times 9°F Very high UV Q Search

f2 Required Information RWP12-1 (Algo) Great Adventures Continuing Case (The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. Net sales revenues Interest revenue Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Not income $ 40,000 $ 195,500 420 69,700 18.750 10.526 16,000 154,976 $ 40.944 ences C raw GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2825 2024 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $308,756 $ 64,800 50,300 10,000 1,200 800,000 875,000 5,700 B $5,000 (8,750) 92,900 (28,250) $ 2,109,906 $23,880 1,500 $116,750 $3,400 900 14,300 16,000 30,000 78,321 752,391 33,000 150,000 30,200 1,177,000 B 34.958 $ 2.109,906 $ 116,750 60,894 (180,000) As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities. ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. RWP12-1 (Algo) Great Adventures Continuing Case Part 1 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days In a year. Round your Intermediate calculations and final answers to 1 decimal place.) a. Receivables tumover ratio. (Hint Use net sales revenues for net credit sales.) b. Average collection period c. Inventory turnover ratio. Average days in inventory e. Current ratio Acid-test ratio. (Hint There are no current investments.) g. Debt to equay ratio h. Tunes interest eamed ratio. times науч limes dayti times 9°F Very high UV Q Search

General Chemistry - Standalone book (MindTap Course List)
General Chemistry - Standalone book (MindTap Course List)
11th Edition
ISBN:9781305580343
Author:Steven D. Gammon, Ebbing, Darrell Ebbing, Steven D., Darrell; Gammon, Darrell Ebbing; Steven D. Gammon, Darrell D.; Gammon, Ebbing; Steven D. Gammon; Darrell
Publisher:Steven D. Gammon, Ebbing, Darrell Ebbing, Steven D., Darrell; Gammon, Darrell Ebbing; Steven D. Gammon, Darrell D.; Gammon, Ebbing; Steven D. Gammon; Darrell
Chapter5: The Gaseous State
Section: Chapter Questions
Problem 5.161QP
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f2 Required Information RWP12-1 (Algo) Great Adventures Continuing Case (The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. Net sales revenues Interest revenue Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Not income $ 40,000 $ 195,500 420 69,700 18.750 10.526 16,000 154,976 $ 40.944 ences C raw GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2825 2024 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $308,756 $ 64,800 50,300 10,000 1,200 800,000 875,000 5,700 B $5,000 (8,750) 92,900 (28,250) $ 2,109,906 $23,880 1,500 $116,750 $3,400 900 14,300 16,000 30,000 78,321 752,391 33,000 150,000 30,200 1,177,000 B 34.958 $ 2.109,906 $ 116,750 60,894 (180,000) As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities. ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. RWP12-1 (Algo) Great Adventures Continuing Case Part 1 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days In a year. Round your Intermediate calculations and final answers to 1 decimal place.) a. Receivables tumover ratio. (Hint Use net sales revenues for net credit sales.) b. Average collection period c. Inventory turnover ratio. Average days in inventory e. Current ratio Acid-test ratio. (Hint There are no current investments.) g. Debt to equay ratio h. Tunes interest eamed ratio. times науч limes dayti times 9°F Very high UV Q Search
Transcribed Image Text:f2 Required Information RWP12-1 (Algo) Great Adventures Continuing Case (The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. Net sales revenues Interest revenue Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Year Ended December 31, 2025 Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Not income $ 40,000 $ 195,500 420 69,700 18.750 10.526 16,000 154,976 $ 40.944 ences C raw GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 2825 2024 Assets Current assets: Cash Accounts receivable Inventory Other current assets Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Other current liabilities Notes payable (current) Notes payable (long-term) Stockholders' equity: Common stock Paid-in capital Retained earnings Treasury stock Total liabilities and stockholders' equity $308,756 $ 64,800 50,300 10,000 1,200 800,000 875,000 5,700 B $5,000 (8,750) 92,900 (28,250) $ 2,109,906 $23,880 1,500 $116,750 $3,400 900 14,300 16,000 30,000 78,321 752,391 33,000 150,000 30,200 1,177,000 B 34.958 $ 2.109,906 $ 116,750 60,894 (180,000) As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities. ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. RWP12-1 (Algo) Great Adventures Continuing Case Part 1 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days In a year. Round your Intermediate calculations and final answers to 1 decimal place.) a. Receivables tumover ratio. (Hint Use net sales revenues for net credit sales.) b. Average collection period c. Inventory turnover ratio. Average days in inventory e. Current ratio Acid-test ratio. (Hint There are no current investments.) g. Debt to equay ratio h. Tunes interest eamed ratio. times науч limes dayti times 9°F Very high UV Q Search
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