Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.)

Then Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal place)

Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Income Statements For the years ended December 31 2022 2021 Net sales $10,540,000 $8,950,000 Cost of goods sold 6,890,000 5,500,000 Gross profit 3,650,000 3,450,000 Expenses: Operating expenses 1,610,000 1,560,000 Depreciation expense 200,000 200,000 Interest expense 41,000 41,000 Income tax expense 412,000 360,000 Total expenses 2,263,000 2,161,000 Net income $ 1,387,000 $1,289,000 THE ATHLETIC NITIC Balance Sheets December 31 2022 2021 2020 226,000 991,000 1,726,000 131,000 155,000 741,000 1,356,000 101.000 $ 206,000 761,000 1,025,000 76,000 Assets Current assets Cash Accounts receivable Inventory Supplies Lang-term assets Equipment Leoni Accumulated depreciation Total assets Liabilities and stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable 1,140,000 (610,000) 53,604,000 1,140.000 (410,000) $3,083,000 1,140,000 (210.000) $2.999,000 $ $ 177,900 4,100 41.000 108,000 0 36,000 84,900 4,100 31,000 510,000 510,000 510,000 ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fm ODNA Cosmetic... Face Cleanser CL.. Pennsylvania's Pa.. 509 College Ave, Digital Systems Doxy.me - Mrs. M. 3 Parts Saved 1,356,000 101,000 1,026,000 76,000 1,140,000 (410.000) $3,083,000 1,140,000 (210.000) $2,999,000 Inventory 1,726,000 Supplies 131,000 Long-term assets: Equipment 1,140,000 Less: Accumulated depreciation (610,000) Total assets $3,604,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 177,900 Interest payable 4,100 Income tax payable 41,000 Long-term liabilities: Notes payable 510,000 Stockholders' equity: Common stock 610,000 Retained earnings 2,261,000 Total liabilities and stockholders' equity $3.604,000 $ 108,000 $ 84,900 4,100 31,000 36,000 510,000 510,000 610,000 1,819,000 $3,083.000 610,000 1.759.000 $2,999,000 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2021 times times to 1 % 2022 times times to 1 % Ilties: Notes payable 510,0 Stockholdersequity: Common stock 610, Retained earnings 2,261, Total liabilities and stockholders' equity $3,604, 2. Calculate the following profitability ratios for 2021 and 2022: (Roun 2021 2022 % % Gross profit ratio Return on assets % % Profit margin % % Asset turnover times times Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Income Statements For the years ended December 31 2022 2021 Net sales $10,540,000 $8,950,000 Cost of goods sold 6,890,000 5,500,000 Gross profit 3,650,000 3,450,000 Expenses: Operating expenses 1,610,000 1,560,000 Depreciation expense 200,000 200,000 Interest expense 41,000 41,000 Income tax expense 412,000 360,000 Total expenses 2,263,000 2,161,000 Net income $ 1,387,000 $1,289,000 THE ATHLETIC NITIC Balance Sheets December 31 2022 2021 2020 226,000 991,000 1,726,000 131,000 155,000 741,000 1,356,000 101.000 $ 206,000 761,000 1,025,000 76,000 Assets Current assets Cash Accounts receivable Inventory Supplies Lang-term assets Equipment Leoni Accumulated depreciation Total assets Liabilities and stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable 1,140,000 (610,000) 53,604,000 1,140.000 (410,000) $3,083,000 1,140,000 (210.000) $2.999,000 $ $ 177,900 4,100 41.000 108,000 0 36,000 84,900 4,100 31,000 510,000 510,000 510,000 ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fm ODNA Cosmetic... Face Cleanser CL.. Pennsylvania's Pa.. 509 College Ave, Digital Systems Doxy.me - Mrs. M. 3 Parts Saved 1,356,000 101,000 1,026,000 76,000 1,140,000 (410.000) $3,083,000 1,140,000 (210.000) $2,999,000 Inventory 1,726,000 Supplies 131,000 Long-term assets: Equipment 1,140,000 Less: Accumulated depreciation (610,000) Total assets $3,604,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 177,900 Interest payable 4,100 Income tax payable 41,000 Long-term liabilities: Notes payable 510,000 Stockholders' equity: Common stock 610,000 Retained earnings 2,261,000 Total liabilities and stockholders' equity $3.604,000 $ 108,000 $ 84,900 4,100 31,000 36,000 510,000 510,000 610,000 1,819,000 $3,083.000 610,000 1.759.000 $2,999,000 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2021 times times to 1 % 2022 times times to 1 % Ilties: Notes payable 510,0 Stockholdersequity: Common stock 610, Retained earnings 2,261, Total liabilities and stockholders' equity $3,604, 2. Calculate the following profitability ratios for 2021 and 2022: (Roun 2021 2022 % % Gross profit ratio Return on assets % % Profit margin % % Asset turnover times times