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(Solved): Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. GR ...
Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. GREAT ADVENTURES, INCORPORATED Income Statement Net sales revenues Interest revenue Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Ended December 31, 2825 \( \$ 166,240 \) 140 GREAT ADVENTURES, INCORPORATED Balance Sheets December 31, 2025 and 2024 Assets Current assets: Cash Accounts receivable Inventory other current assets \[ 2025 \quad 2024 \] Long-term assets: Land Buildings Equipment Accumulated depreciation Total assets \( \begin{array}{rr}\$ 189,114 & \$ 64,520 \\ 47,78 \theta & \theta \\ 7,200 & \theta \\ 920 & 4,580\end{array} \)
As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzle were able to use the money recelved 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
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.)
2. Calculate the following profitability ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)