Calculate the following risk ratios

The following income statement and balance sheets for Laser World are provided: LASER WORLD Income Statement For the year-ended December 31, 2021 Sales revenue $2,200,000 Cost of goods sold 1,590,000 Gross profit 610,000 Expenses: Operating expenses 342,000 Depreciation expense 61,000 Loss on sale of land 4,200 Interest expense 24,000 Income tax expense 56,000 Total expenses 487,200 Net income 122,800 2020 $ 109,000 72,000 200,000 18,000 LASER WORLD Balance Sheet December 31 2021 Assets Current assets: Cash $ 124,000 Accounts receivable 95,000 Inventory 220,000 Prepaid rent 18,000 Long-term assets: Land 280,000 Equipment 320,000 Accumulated depreciation (75,000) Total assets $982,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 53,000 Interest payable 8,900 Income tax payable 15,400 Long-term liabilities: Notes payable 370,000 Stockholders' equity: Common stock 180,000 Retained earnings 354,700 Total liabilities and equity $982,000 220,000 270,000 (49,000) $840,000 $ 52,000 7,900 12,400 270,000 180,000 317,700 $ 840,000 Assuming that all sales were on account, calculate the following risk ratios for 2021: (Assume 365 days in a year. Round yo intermediate calculations and final answers to 1 decimal place.) 28.0 times days times Risk Ratios 1. Receivables turnover ratio 2 Average collection period 3. Inventory turnover ratio 4 Average days in inventory 5. Current ratio 6 Acid-test ratio 7 Debt to equity ratio 8 Times interest earned ratio days to 1 to 1 oo % times