Income statement and balance sheet data for The Athletic Attic are provided below.

Required:
1. Calculate the following risk ratios for 2021 and 2022:
a. Receivables turnover ratio. c. Current ratio.
b. Inventory turnover ratio. d. Debt to equity ratio.
2. Calculate the following profitability ratios for 2021 and 2022:
a. Gross profit ratio. c. Profit margin.
b. Return on assets. d. Asset turnover.
3. Based on the ratios calculated, determine whether overall risk and profitability improved from 2021 to 2022.