1A. Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.)

2B. Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.)

1A. Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.)

2B. Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.)

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Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Income For the years ended December 31 2019 2018 Net sales Cost of goods sold $11,520,000 $10,000,000 7,520,000 6,200,000 Gross profit 4,000,000 3,800,000 Expenses: Operating expenses Depreciation expense Interest expense Income tax expense 1,680,000 200,000 48,000 496,000 1,630,000 200,000 48,000 430,000 Total expenses 2,424,000 2,308,000 Net income $1,576,000 $1,492,000 THE ATHLETIC ATTIC Balance Sheets December 31 2019 2018 2017 Assets Current assets: Cash Accounts receivable $ 233,000 162,000 220,000 768,000 1,033,000 83,000 998,000 1733,000 748,000 1,363,000 08,000 Supplies 138,000 Long-term assets: 1.420,000 (680,000 (480,000) 1420,000 Equipment Less: Accumulated depreciation 1,420,000 (280,000) Total assets $3,842,000 $3,321,000 $3,244,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable $198,200 $129,000 $112,200 4,800 38,000 4,800 0 48,000 580,000 680,000 43,000 580,000 680,000 Long-term liabilities: Notes payable 580,000 Stockholders' equity Common stock Retained earnings 680,000 1,829,000 2,331,000 1,889,000 Total liabilities and stockholders' equity $3,842,000 3,321,000 $3,244,000 Required: 1. Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio times times to 1 times times to 1 2. Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Gross profit ratio Return on assets Profit margin Asset turnover times times