6.) The following income statement and balance sheets for Virtual Gaming Systems are provided.

VIRTUAL GAMING SYSTEMS
Income Statement
For the Year Ended December 31, 2024
Net sales		$3,006,000
Cost of goods sold		1,944,000
Gross profit		1,062,000
Expenses:
Operating expenses	$852,000
Depreciation expense	24,000
Loss on sale of land	7,400
Interest expense	12,000
Income tax expense	42,000
Total expenses		937,400
Net income		$124,600

VIRTUAL GAMING SYSTEMS
Balance Sheets
December 31
	2024	2023
Assets
Current assets:
Cash	$180,000	$138,000
Accounts receivable	75,000	54,000
Inventory	99,000	129,000
Prepaid rent	11,400	5,280
Long-term assets:
Investment in bonds	99,000	0
Land	204,000	234,000
Equipment	264,000	204,000
Less: Accumulated depreciation	(60,000)	(36,000)
Total assets	872,400	$728,280
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$60,000	$75,000
Interest payable	4,800	2,400
Income tax payable	12,000	13,400
Long-term liabilities:
Notes payable	279,000	219,000
Stockholders' equity:
Common stock	294,000	294,000
Retained earnings	222,600	124,480
Total liabilities and stockholders equity	$872,400	$728,280

Required: Assuming that all sales were on account, calculate the following risk ratios for 2024. (Use 365 days a year. Round your final answers to 1 decimal place.)

Risk Ratios
1. Receivables turnover ratio		times
2. Average collection period		days
3. Inventory turnover ratio		times
4. Average days in inventory		days
5. Current ratio
6. Acid-test ratio
7. Debt to equity ratio		%
8. Times interest earned ratio		times